2,180 Shares in Sony Group Co. (NYSE:SONY) Bought by Versant Capital Management Inc

Versant Capital Management Inc acquired a new position in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,180 shares of the company’s stock, valued at approximately $46,000.

Other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its holdings in shares of 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 in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Sony Group during the third quarter valued at about $109,462,000. Marshall Wace LLP boosted its holdings in Sony Group by 8,495.0% during the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after purchasing an additional 838,543 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Sony Group by 0.5% in 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 in the last quarter. Finally, Sei Investments Co. increased its stake in Sony Group by 3.5% in the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock valued at $51,946,000 after buying an additional 20,802 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Price Performance

Shares of NYSE SONY opened at $20.90 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.71. The stock has a market cap of $126.40 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. The stock has a fifty day moving average of $20.02 and a 200-day moving average of $11.61.

Analyst Upgrades and Downgrades

SONY has been the topic of a number of recent analyst reports. Oppenheimer dropped their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. TD Cowen decreased their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $24.00.

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.