Heritage Family Offices LLP boosted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 470.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,610 shares of the company's stock after purchasing an additional 40,084 shares during the quarter. Heritage Family Offices LLP's holdings in Sony Group were worth $1,029,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its holdings in shares of Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock worth $834,013,000 after buying an additional 972,075 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Sony Group during the third quarter worth $109,462,000. Marshall Wace LLP lifted its holdings in shares of Sony Group by 8,495.0% during the second 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 holdings in shares of Sony Group by 0.5% during the third 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 in the last quarter. Finally, Sei Investments Co. lifted 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 buying an additional 20,802 shares in the last quarter. 14.05% of the stock is owned by institutional investors.
Sony Group Price Performance
SONY stock traded down $0.15 during midday trading on Thursday, reaching $20.36. The company had a trading volume of 4,472,458 shares, compared to its average volume of 3,537,715. 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 market capitalization of $123.10 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth 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 stock has a 50 day moving average price of $20.39 and a 200-day moving average price of $12.39.
Wall Street Analyst Weigh In
SONY has been the subject of a number of research reports. Oppenheimer dropped their target price on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. StockNews.com downgraded Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Daiwa America raised Sony Group to a "strong-buy" rating in a research note on Wednesday, September 18th. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday. They issued an "outperform" rating for the company. Finally, TD Cowen dropped their price target on Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued 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 target price of $24.00.
Get Our Latest Research Report on Sony Group
About Sony Group
(
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
Before you consider Sony Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sony Group wasn't on the list.
While Sony Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
