Sony Group Co. (NYSE:SONY) Holdings Raised by Confluence Investment Management LLC

Confluence Investment Management LLC raised its stake in shares of Sony Group Co. (NYSE:SONY) by 401.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,135 shares of the company’s stock after buying an additional 34,533 shares during the period. Confluence Investment Management LLC’s holdings in Sony Group were worth $913,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SONY. Mediolanum International Funds Ltd acquired a new stake in Sony Group during the third quarter valued at $109,462,000. Fisher Asset Management LLC lifted its holdings in shares of 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 buying an additional 972,075 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Sony Group by 8,495.0% in the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after buying an additional 838,543 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Sony Group by 601.1% in the third quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company’s stock worth $24,850,000 after buying an additional 220,628 shares during the last quarter. Finally, Alight Capital Management LP bought a new position in Sony Group during the second quarter valued at approximately $12,742,000. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

Shares of SONY opened at $21.09 on Friday. The company has a market capitalization of $127.55 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 13.74 and a beta of 0.98. 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 Co. has a one year low of $15.02 and a one year high of $22.71. The company’s fifty day moving average price is $19.82 and its 200 day moving average price is $11.17.

Wall Street Analysts Forecast Growth

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