Sony Group Co. (NYSE:SONY) Shares Acquired by Alhambra Investment Management LLC

Alhambra Investment Management LLC boosted its holdings in Sony Group Co. (NYSE:SONY) by 360.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,985 shares of the company’s stock after purchasing an additional 31,295 shares during the quarter. Alhambra Investment Management LLC’s holdings in Sony Group were worth $846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mediolanum International Funds Ltd purchased a new position in Sony Group during the third quarter worth about $109,462,000. Fisher Asset Management LLC grew its holdings in Sony Group by 12.7% in 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. Marshall Wace LLP increased its position in shares of Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after buying an additional 838,543 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Sony Group by 515.7% during the 4th quarter. Park Avenue Securities LLC now owns 333,245 shares of the company’s stock worth $7,051,000 after buying an additional 279,124 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in Sony Group by 601.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company’s stock valued at $24,850,000 after acquiring an additional 220,628 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SONY. TD Cowen reduced their target price on shares of 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 started coverage on shares of Sony Group in a research note on Thursday. They set an “outperform” rating on the stock. 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 research note on Tuesday, November 12th. Finally, StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Performance

NYSE:SONY opened at $20.64 on Friday. The company has a market cap of $124.79 billion, a P/E ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. The firm’s 50 day moving average is $20.45 and its two-hundred day moving average is $12.56. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week 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.

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.