Sony Group Co. (NYSE:SONY) Shares Acquired by Advisory Resource Group

Advisory Resource Group boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 361.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,057 shares of the company’s stock after purchasing an additional 39,216 shares during the quarter. Advisory Resource Group’s holdings in Sony Group were worth $1,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fisher Asset Management LLC raised its stake in Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after acquiring an additional 972,075 shares in the last quarter. Cardinal Capital Management Inc. raised its stake in Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after acquiring an additional 1,287,259 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in Sony Group during the 3rd quarter valued at $109,462,000. Manning & Napier Advisors LLC raised its stake in Sony Group by 356.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock valued at $20,500,000 after acquiring an additional 756,705 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Sony Group by 536.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 802,825 shares of the company’s stock valued at $16,988,000 after acquiring an additional 676,701 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Down 1.9 %

SONY opened at $22.57 on Friday. Sony Group Co. has a one year low of $15.02 and a one year high of $23.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock’s fifty day moving average is $21.25 and its 200-day moving average is $14.53. The company has a market capitalization of $136.47 billion, a PE ratio of 18.47, a P/E/G ratio of 11.46 and a beta of 0.96.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer cut their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sony Group currently has a consensus rating of “Buy” and an average price target of $24.00.

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.