DAVENPORT & Co LLC Has $4.91 Million Position in Sony Group Co. (NYSE:SONY)

DAVENPORT & Co LLC lifted its position in Sony Group Co. (NYSE:SONY) by 367.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 232,041 shares of the company’s stock after purchasing an additional 182,417 shares during the quarter. DAVENPORT & Co LLC’s holdings in Sony Group were worth $4,910,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its position in shares of Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after purchasing an additional 233 shares in the last quarter. Wedmont Private Capital raised its position in Sony Group by 12.9% in the 3rd quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock worth $265,000 after purchasing an additional 316 shares during the last quarter. Fiduciary Trust Co lifted its holdings in Sony Group by 13.4% during the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock worth $479,000 after buying an additional 585 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Sony Group by 14.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after buying an additional 599 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its stake in shares of Sony Group by 8.9% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,611 shares of the company’s stock valued at $735,000 after buying an additional 619 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of SONY stock opened at $21.90 on Tuesday. The stock has a market cap of $132.41 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 10.96 and a beta of 0.96. The stock has a 50-day moving average of $21.01 and a 200-day moving average of $14.07. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SONY shares. Oppenheimer decreased their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, TD Cowen lowered their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Company 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.