Stiles Financial Services Inc Boosts Holdings in Sony Group Co. (NYSE:SONY)

Stiles Financial Services Inc increased its position in Sony Group Co. (NYSE:SONY) by 371.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 80,206 shares of the company’s stock after buying an additional 63,180 shares during the quarter. Stiles Financial Services Inc’s holdings in Sony Group were worth $1,697,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SONY. Cardinal Capital Management Inc. grew its stake 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 valued at $33,986,000 after acquiring an additional 1,287,259 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in Sony Group in the third quarter valued at about $109,462,000. Fisher Asset Management LLC grew 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 purchasing an additional 972,075 shares in the last quarter. Manning & Napier Advisors LLC increased its holdings in Sony Group by 356.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock worth $20,500,000 after purchasing an additional 756,705 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Sony Group by 536.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 802,825 shares of the company’s stock valued at $16,988,000 after purchasing an additional 676,701 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SONY. Oppenheimer decreased their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. One 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 stock. Based on data from MarketBeat, Sony Group presently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Performance

Sony Group stock opened at $22.57 on Monday. The company has a market cap of $136.47 billion, a PE ratio of 18.47, a P/E/G ratio of 11.46 and a beta of 0.96. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $23.05. The company has a fifty day moving average price of $21.25 and a two-hundred day moving average price of $14.60. 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 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.