BFI Infinity Ltd. Makes New Investment in Sony Group Co. (NYSE:SONY)

BFI Infinity Ltd. bought a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,000 shares of the company's stock, valued at approximately $381,000. Sony Group makes up approximately 0.4% of BFI Infinity Ltd.'s portfolio, making the stock its 26th largest position.

Several other large investors have also recently bought and sold shares of the stock. Private Advisor Group LLC lifted its stake in Sony Group by 8.1% in the second quarter. Private Advisor Group LLC now owns 5,932 shares of the company's stock valued at $504,000 after acquiring an additional 446 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Sony Group by 7.9% in the 2nd quarter. American Century Companies Inc. now owns 255,375 shares of the company's stock valued at $21,694,000 after purchasing an additional 18,597 shares during the period. Renaissance Technologies LLC acquired a new stake in Sony Group in the 2nd quarter valued at about $10,347,000. Wealth Alliance grew its holdings in Sony Group by 1.2% during the second quarter. Wealth Alliance now owns 11,977 shares of the company's stock worth $1,017,000 after purchasing an additional 141 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in Sony Group by 18.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 36,032 shares of the company's stock worth $3,061,000 after buying an additional 5,649 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Performance

SONY traded down $0.15 during trading on Thursday, hitting $20.36. The stock had a trading volume of 4,472,462 shares, compared to its average volume of 3,537,716. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a 50 day moving average price of $20.39 and a 200-day moving average price of $12.39. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. The firm has a market cap of $123.10 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 12.41 and a beta of 0.95.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Daiwa America raised Sony Group to a "strong-buy" rating in a report on Wednesday, September 18th. Oppenheimer decreased their price objective on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. TD Cowen cut their target price on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a research note on Friday, October 11th. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday. They issued an "outperform" rating on the stock. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $24.00.

Sony Group Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.