Crossmark Global Holdings Inc. raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 411.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 528,988 shares of the company's stock after acquiring an additional 425,515 shares during the period. Crossmark Global Holdings Inc.'s holdings in Sony Group were worth $11,194,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of SONY. Fisher Asset Management LLC raised its position in Sony Group by 12.7% in the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock worth $834,013,000 after purchasing an additional 972,075 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of Sony Group in the 3rd quarter valued at approximately $109,462,000. Marshall Wace LLP raised its holdings in shares of Sony Group by 8,495.0% in the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company's stock worth $72,073,000 after buying an additional 838,543 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Sony Group by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company's stock worth $61,579,000 after buying an additional 2,974 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Sony Group by 3.5% during the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company's stock worth $51,946,000 after buying an additional 20,802 shares during the period. Institutional investors own 14.05% of the company's stock.
Sony Group Price Performance
Shares of NYSE:SONY traded up $0.28 during midday trading on Tuesday, reaching $20.92. The company's stock had a trading volume of 3,139,836 shares, compared to its average volume of 3,459,437. The business's fifty day simple moving average is $20.48 and its 200-day simple moving average is $12.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.71. The company has a market capitalization of $126.49 billion, a P/E ratio of 17.12, a P/E/G ratio of 12.85 and a beta of 0.95.
Analyst Ratings Changes
Several research analysts have issued reports on the company. StockNews.com lowered Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. TD Cowen lowered their target price on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. Finally, 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 research note on Tuesday, November 12th. One 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. Based on data from MarketBeat, Sony Group presently has a consensus rating of "Buy" and an average target price of $24.00.
Read Our Latest Research Report on SONY
Sony Group Company Profile
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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.
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