On Holding AG (NYSE:ONON) Holdings Raised by APEIRON CAPITAL Ltd

APEIRON CAPITAL Ltd raised its holdings in shares of On Holding AG (NYSE:ONON - Free Report) by 35.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 999,125 shares of the company's stock after acquiring an additional 264,000 shares during the period. ON makes up about 20.2% of APEIRON CAPITAL Ltd's portfolio, making the stock its 2nd biggest position. APEIRON CAPITAL Ltd owned about 0.16% of ON worth $43,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ONON. Principal Securities Inc. increased its holdings in shares of ON by 32.1% during the 4th quarter. Principal Securities Inc. now owns 2,513 shares of the company's stock valued at $138,000 after purchasing an additional 610 shares in the last quarter. Allworth Financial LP grew its position in ON by 1,446.0% during the fourth quarter. Allworth Financial LP now owns 1,546 shares of the company's stock valued at $91,000 after buying an additional 1,446 shares during the period. Principal Financial Group Inc. increased its holdings in ON by 28.1% in the fourth quarter. Principal Financial Group Inc. now owns 130,381 shares of the company's stock valued at $7,141,000 after buying an additional 28,597 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in ON by 154.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 15,239 shares of the company's stock valued at $835,000 after buying an additional 9,259 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of ON by 102.1% in the fourth quarter. New York State Common Retirement Fund now owns 221,820 shares of the company's stock worth $12,149,000 after acquiring an additional 112,078 shares during the period. Institutional investors and hedge funds own 36.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ONON shares. Telsey Advisory Group restated an "outperform" rating and issued a $65.00 price target on shares of ON in a research note on Tuesday, May 13th. Raymond James Financial reissued a "strong-buy" rating on shares of ON in a report on Wednesday, May 14th. Needham & Company LLC upped their target price on ON from $55.00 to $62.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Hsbc Global Res raised shares of ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Truist Financial boosted their price target on shares of ON from $61.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, ON has a consensus rating of "Buy" and a consensus price target of $63.85.

ON Trading Up 1.8%

ON stock traded up $0.94 during midday trading on Friday, hitting $52.53. 26,312,064 shares of the stock were exchanged, compared to its average volume of 4,640,408. The company has a current ratio of 2.80, a quick ratio of 2.18 and a debt-to-equity ratio of 0.19. The stock's 50-day simple moving average is $53.42 and its 200 day simple moving average is $52.15. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The stock has a market capitalization of $33.08 billion, a price-to-earnings ratio of 75.05, a PEG ratio of 2.95 and a beta of 2.35.

ON Company Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.