Successful Portfolios LLC Increases Holdings in Sony Group Co. (NYSE:SONY)

Successful Portfolios LLC lifted its position in Sony Group Co. (NYSE:SONY - Free Report) by 400.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,076 shares of the company's stock after buying an additional 80,081 shares during the period. Sony Group comprises 1.4% of Successful Portfolios LLC's portfolio, making the stock its 17th largest holding. Successful Portfolios LLC's holdings in Sony Group were worth $2,118,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised 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 valued at $834,013,000 after purchasing an additional 972,075 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in Sony Group during the third quarter valued at approximately $109,462,000. Marshall Wace LLP increased its position in Sony Group by 8,495.0% in 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 raised its stake in shares of Sony Group by 0.5% in 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 during the period. Finally, Sei Investments Co. boosted its position in shares of Sony Group by 3.5% in the second quarter. Sei Investments Co. now owns 611,514 shares of the company's stock worth $51,946,000 after purchasing an additional 20,802 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SONY shares. Oppenheimer dropped their price target on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. StockNews.com downgraded Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. TD Cowen decreased their target price 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. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday. They issued an "outperform" rating for the company. One investment 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. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $24.00.

Sony Group Stock Up 1.5 %

SONY stock traded up $0.31 during trading on Monday, hitting $20.64. 2,992,846 shares of the company's stock traded hands, compared to its average volume of 2,500,774. The firm 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. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71. 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 business has a fifty day simple moving average of $20.45 and a two-hundred day simple moving average of $12.69.

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.