Manning & Napier Advisors LLC grew its position in Sony Group Co. (NYSE:SONY – Free Report) by 356.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 968,813 shares of the company’s stock after buying 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 hedge funds also recently added to or reduced their stakes in SONY. Hantz Financial Services Inc. lifted its stake in shares of Sony Group by 400.2% during the 4th quarter. Hantz Financial Services Inc. now owns 75,188 shares of the company’s stock worth $1,591,000 after purchasing an additional 60,155 shares during the last quarter. Twelve Points Wealth Management LLC lifted its position in shares of Sony Group by 383.4% during the fourth quarter. Twelve Points Wealth Management LLC now owns 23,745 shares of the company’s stock valued at $502,000 after buying an additional 18,833 shares during the last quarter. BSW Wealth Partners bought a new stake in shares of Sony Group in the 4th quarter valued at about $302,000. Stonegate Investment Group LLC raised its stake in shares of Sony Group by 534.0% during the 4th quarter. Stonegate Investment Group LLC now owns 16,465 shares of the company’s stock worth $348,000 after acquiring an additional 13,868 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in Sony Group by 55.3% during the fourth quarter. Perigon Wealth Management LLC now owns 15,488 shares of the company’s stock valued at $315,000 after acquiring an additional 5,513 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on SONY. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen lowered their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Oppenheimer cut their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the 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 Performance
Shares of NYSE:SONY traded up $0.33 during midday trading on Wednesday, reaching $22.14. The company’s stock had a trading volume of 927,725 shares, compared to its average volume of 3,493,063. 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 stock has a fifty day moving average of $20.77 and a 200 day moving average of $13.55. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71. The firm has a market capitalization of $133.88 billion, a PE ratio of 18.11, a P/E/G ratio of 13.02 and a beta of 0.95.
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.
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