Chicago Capital LLC Acquires 10,066 Shares of Sony Group Co. (NYSE:SONY)

Chicago Capital LLC lifted its holdings in Sony Group Co. (NYSE:SONY) by 394.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,615 shares of the company’s stock after buying an additional 10,066 shares during the quarter. Chicago Capital LLC’s holdings in Sony Group were worth $267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cardinal Capital Management Inc. lifted its position in shares of Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after purchasing an additional 1,287,259 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Sony Group during the 3rd quarter worth $109,462,000. Fisher Asset Management LLC boosted its position in Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after buying an additional 972,075 shares during the last quarter. Manning & Napier Advisors LLC increased its stake in shares of Sony Group by 356.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock valued at $20,500,000 after buying an additional 756,705 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of Sony Group by 411.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company’s stock worth $11,194,000 after acquiring an additional 425,515 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

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

Sony Group Stock Performance

Shares of SONY stock opened at $21.90 on Tuesday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. The company has a market capitalization of $132.41 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 10.96 and a beta of 0.96. The company has a 50-day simple moving average of $21.01 and a 200 day simple moving average of $14.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

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.