Procyon Advisors LLC Increases Holdings in Sony Group Co. (NYSE:SONY)

Procyon Advisors LLC grew its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 411.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,734 shares of the company's stock after acquiring an additional 30,350 shares during the period. Procyon Advisors LLC's holdings in Sony Group were worth $798,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Mediolanum International Funds Ltd bought a new position in Sony Group during the 3rd quarter worth about $109,462,000. Fisher Asset Management LLC lifted its position in shares of Sony Group by 12.7% in the 3rd 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 during the period. Marshall Wace LLP boosted its stake 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 valued at $72,073,000 after purchasing an additional 838,543 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Sony Group by 515.7% during the fourth quarter. Park Avenue Securities LLC now owns 333,245 shares of the company's stock valued at $7,051,000 after buying an additional 279,124 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in Sony Group by 601.1% in the third quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company's stock worth $24,850,000 after buying an additional 220,628 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SONY shares. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. TD Cowen cut their target price 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. Oppenheimer decreased 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. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday. They issued an "outperform" rating on the stock. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $24.00.

Sony Group Stock Up 1.5 %

Sony Group stock traded up $0.31 during midday trading on Friday, reaching $20.64. The company's stock had a trading volume of 2,992,846 shares, compared to its average volume of 2,500,774. 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 stock has a market capitalization of $124.79 billion, a P/E ratio of 16.89, a PEG ratio of 12.41 and a beta of 0.95. The stock's 50-day simple moving average is $20.45 and its 200-day simple moving average is $12.63. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71.

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.