Sony Group Co. (NYSE:SONY) Stake Raised by Brooklyn Investment Group

Brooklyn Investment Group raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 14,571.4% during the 4th quarter, HoldingsChannel reports. The fund owned 3,081 shares of the company’s stock after purchasing an additional 3,060 shares during the period. Brooklyn Investment Group’s holdings in Sony Group were worth $65,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Somerset Trust Co increased its stake in Sony Group by 433.8% in the 4th quarter. Somerset Trust Co now owns 11,957 shares of the company’s stock valued at $253,000 after buying an additional 9,717 shares during the period. Householder Group Estate & Retirement Specialist LLC increased its stake in shares of Sony Group by 345.6% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 2,901 shares of the company’s stock worth $61,000 after acquiring an additional 2,250 shares during the last quarter. Boston Common Asset Management LLC raised its holdings in shares of Sony Group by 362.3% during the fourth quarter. Boston Common Asset Management LLC now owns 228,961 shares of the company’s stock worth $4,845,000 after acquiring an additional 179,438 shares in the last quarter. Procyon Advisors LLC boosted its position in Sony Group by 411.0% during the fourth quarter. Procyon Advisors LLC now owns 37,734 shares of the company’s stock valued at $798,000 after purchasing an additional 30,350 shares during the last quarter. Finally, Everpar Advisors LLC grew its stake in Sony Group by 405.4% in the fourth quarter. Everpar Advisors LLC now owns 20,879 shares of the company’s stock valued at $442,000 after purchasing an additional 16,748 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SONY. Sanford C. Bernstein initiated coverage on Sony Group in a report on Thursday. They set an “outperform” rating for the company. Oppenheimer decreased 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 report on Tuesday, November 12th. TD Cowen cut their price target 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. Finally, StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sony Group has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Stock Performance

Shares of SONY opened at $20.64 on Monday. The company has a market capitalization of $124.79 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95. The company’s fifty day moving average price is $20.45 and its 200 day moving average price is $12.69. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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.