Manning & Napier Advisors LLC Increases Stake in Sony Group Co. (NYSE:SONY)

Manning & Napier Advisors LLC boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 356.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 968,813 shares of the company's stock after acquiring an additional 756,705 shares during the quarter. Manning & Napier Advisors LLC's holdings in Sony Group were worth $20,500,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Cardinal Capital Management Inc. grew its position in Sony Group by 403.7% in the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock valued at $33,986,000 after purchasing an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd acquired a new stake in Sony Group in the 3rd quarter valued at $109,462,000. Fisher Asset Management LLC grew its position in Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock valued at $834,013,000 after purchasing an additional 972,075 shares during the period. Crossmark Global Holdings Inc. grew its position in Sony Group by 411.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company's stock valued at $11,194,000 after purchasing an additional 425,515 shares during the period. Finally, Park Avenue Securities LLC grew its position in Sony Group by 515.7% in the 4th quarter. Park Avenue Securities LLC now owns 333,245 shares of the company's stock valued at $7,051,000 after purchasing an additional 279,124 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on SONY shares. Oppenheimer reduced their price target on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating for the company. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, TD Cowen dropped their price objective on Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Sony Group currently has an average rating of "Buy" and a consensus price target of $24.00.

Sony Group Stock Up 0.9 %

NYSE:SONY traded up $0.20 during trading hours on Thursday, hitting $22.33. 3,410,914 shares of the company traded hands, compared to its average volume of 3,697,039. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm's 50-day simple moving average is $20.83 and its 200-day simple moving average is $13.61. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. The company has a market cap of $135.01 billion, a PE ratio of 18.27, a PEG ratio of 13.02 and a beta of 0.95.

Sony Group 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.