Sony Group Co. (NYSE:SONY) Position Boosted by Doliver Advisors LP

Doliver Advisors LP increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 397.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,730 shares of the company's stock after buying an additional 66,894 shares during the period. Doliver Advisors LP's holdings in Sony Group were worth $1,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SONY. Commonwealth Equity Services LLC increased its stake in shares of Sony Group by 37.5% in the second quarter. Commonwealth Equity Services LLC now owns 32,329 shares of the company's stock worth $2,746,000 after buying an additional 8,811 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Sony Group by 8.1% in the 2nd quarter. Private Advisor Group LLC now owns 5,932 shares of the company's stock valued at $504,000 after purchasing an additional 446 shares in the last quarter. Gallacher Capital Management LLC lifted its position in shares of Sony Group by 16.2% during the second quarter. Gallacher Capital Management LLC now owns 3,806 shares of the company's stock worth $323,000 after purchasing an additional 532 shares during the last quarter. Ballentine Partners LLC grew its stake in Sony Group by 19.4% in the second quarter. Ballentine Partners LLC now owns 12,879 shares of the company's stock worth $1,094,000 after purchasing an additional 2,092 shares in the last quarter. Finally, Choreo LLC bought a new stake in Sony Group in the second quarter valued at about $2,370,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Stock Performance

NYSE:SONY traded down $0.42 during midday trading on Monday, reaching $20.90. 3,400,854 shares of the company traded hands, compared to its average volume of 2,780,791. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71. 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 fifty day moving average price of $19.96 and a 200 day moving average price of $11.48. The firm has a market capitalization of $126.40 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95.

Analysts Set New Price Targets

SONY has been the topic of a number of research analyst reports. Daiwa America raised Sony Group to a "strong-buy" rating in a report on Wednesday, September 18th. Oppenheimer reduced their price objective on Sony Group from $108.00 to $25.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. StockNews.com lowered shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, TD Cowen reduced their price target on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Sony Group presently has an average rating of "Buy" and an average price target 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.