Y.D. More Investments Ltd Acquires 28,852 Shares of Sony Group Co. (NYSE:SONY)

Y.D. More Investments Ltd lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 400.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,065 shares of the company’s stock after purchasing an additional 28,852 shares during the period. Y.D. More Investments Ltd’s holdings in Sony Group were worth $763,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC grew its position in shares of 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. Cardinal Capital Management Inc. lifted its stake in shares of Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after acquiring an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd bought a new stake in Sony Group in the third quarter valued at approximately $109,462,000. Manning & Napier Advisors LLC increased its position in Sony Group by 356.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock valued at $20,500,000 after purchasing an additional 756,705 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in Sony Group by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after purchasing an additional 2,974 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 2.9 %

NYSE:SONY opened at $22.53 on Wednesday. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $22.71. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $136.27 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 10.96 and a beta of 0.96. The firm has a fifty day simple moving average of $21.07 and a two-hundred day simple moving average of $14.20.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. 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. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. TD Cowen dropped their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Oppenheimer cut their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. One research 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 MarketBeat.com, Sony Group currently has an average rating of “Buy” and a consensus target price of $24.00.

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.