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Clarius Group LLC Boosts Stake in Sony Group Co. (NYSE:SONY)

Sony Group logo with Consumer Discretionary background

Clarius Group LLC raised its stake in Sony Group Co. (NYSE:SONY - Free Report) by 400.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,065 shares of the company's stock after acquiring an additional 27,252 shares during the period. Clarius Group LLC's holdings in Sony Group were worth $721,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SONY. Renaissance Technologies LLC purchased a new position in shares of Sony Group in the second quarter valued at $10,347,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Sony Group by 18.6% in the 2nd 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 in the last quarter. Blair William & Co. IL increased its holdings in shares of Sony Group by 4.6% in the 2nd quarter. Blair William & Co. IL now owns 4,803 shares of the company's stock worth $408,000 after buying an additional 212 shares during the last quarter. Hsbc Holdings PLC raised its position in Sony Group by 110.6% during the second quarter. Hsbc Holdings PLC now owns 5,088 shares of the company's stock valued at $432,000 after purchasing an additional 53,311 shares during the period. Finally, Sei Investments Co. raised its holdings in Sony Group by 3.5% during the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company's stock valued at $51,946,000 after buying an additional 20,802 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Stock Performance

NYSE SONY traded up $0.31 on Friday, hitting $20.64. 2,992,846 shares of the company's stock traded hands, compared to its average volume of 2,500,774. The firm has a market capitalization of $124.79 billion, a PE ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The firm's 50-day moving average price is $20.45 and its two-hundred day moving average price is $12.69. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Analyst Ratings Changes

Several research firms have recently weighed in on SONY. StockNews.com downgraded Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. TD Cowen decreased their price objective on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a report on Friday, October 11th. Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday. They set an "outperform" rating on the stock. Finally, Oppenheimer decreased their price objective on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $24.00.

Read Our Latest Report on Sony Group

Sony Group Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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