Sony Group Co. (NYSE:SONY) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Sony Group Co. (NYSE:SONY) by 476.9% during the fourth quarter, Holdings Channel reports. The firm owned 32,138 shares of the company’s stock after acquiring an additional 26,567 shares during the quarter. GAMMA Investing LLC’s holdings in Sony Group were worth $680,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC increased its position in Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after buying an additional 972,075 shares during the period. Mediolanum International Funds Ltd acquired a new position in shares of Sony Group in the 3rd quarter valued at $109,462,000. Marshall Wace LLP raised its position in 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 purchasing an additional 838,543 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake 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 period. Finally, Sei Investments Co. grew its position in Sony Group by 3.5% during the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after purchasing an additional 20,802 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. TD Cowen decreased their price objective 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. Oppenheimer lowered their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, Daiwa America upgraded Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $24.00.

Sony Group Trading Up 1.1 %

Shares of Sony Group stock opened at $21.32 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market cap of $128.94 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 13.74 and a beta of 0.98. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71. The company’s 50-day simple moving average is $19.96 and its 200-day simple moving average is $11.42.

Sony Group Company 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.