Ellsworth Advisors LLC Has $1.95 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

Ellsworth Advisors LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 419.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,292 shares of the company's stock after buying an additional 74,523 shares during the quarter. Ellsworth Advisors LLC's holdings in Sony Group were worth $1,953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC bought a new position in shares of Sony Group in the second quarter valued at about $10,347,000. Mercer Global Advisors Inc. ADV grew its stake in Sony Group by 18.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,032 shares of the company's stock valued at $3,061,000 after buying an additional 5,649 shares during the last quarter. Blair William & Co. IL raised its holdings in Sony Group by 4.6% in the 2nd quarter. Blair William & Co. IL now owns 4,803 shares of the company's stock valued at $408,000 after acquiring an additional 212 shares during the period. Hsbc Holdings PLC lifted 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 worth $432,000 after acquiring an additional 53,311 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Sony Group by 3.5% during the second quarter. Sei Investments Co. now owns 611,514 shares of the company's stock worth $51,946,000 after acquiring an additional 20,802 shares during the period. Institutional investors own 14.05% of the company's stock.

Sony Group Price Performance

Shares of SONY traded up $0.31 during trading hours on Monday, hitting $20.64. 2,992,846 shares of the company were exchanged, compared to its average volume of 2,500,774. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. 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 cap of $124.79 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. The firm's fifty day moving average is $20.45 and its 200 day moving average is $12.69.

Wall Street Analysts Forecast Growth

SONY has been the subject of several research reports. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday. They set an "outperform" rating for the company. TD Cowen dropped their target price on Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a report on Friday, October 11th. StockNews.com downgraded shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, Oppenheimer dropped their price objective on shares of 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 equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sony Group has a consensus rating of "Buy" and a consensus price target of $24.00.

About Sony Group

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.