Blue Trust Inc. Purchases 3,631 Shares of Sony Group Co. (NYSE:SONY)

Blue Trust Inc. raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 64.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,293 shares of the company’s stock after purchasing an additional 3,631 shares during the period. Blue Trust Inc.’s holdings in Sony Group were worth $197,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SONY. Fisher Asset Management LLC raised its holdings in shares of Sony Group by 12.7% during 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. Cardinal Capital Management Inc. boosted 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 purchased a new position in shares of Sony Group in the third quarter worth $109,462,000. Thrivent Financial for Lutherans boosted its holdings in shares of Sony Group by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock valued at $61,579,000 after purchasing an additional 2,974 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in Sony Group by 411.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company’s stock worth $11,194,000 after acquiring an additional 425,515 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on SONY shares. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. Oppenheimer reduced their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. TD Cowen cut their target price 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, StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One equities 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’s stock. According to data from MarketBeat, Sony Group presently has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Stock Performance

Shares of Sony Group stock opened at $22.53 on Wednesday. The firm has a market cap of $136.27 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 10.96 and a beta of 0.95. The business’s fifty day simple moving average is $21.07 and its 200-day simple moving average is $14.20. Sony Group Co. has a 52 week low of $15.02 and a 52 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.