Ballentine Partners LLC Boosts Position in Sony Group Co. (NYSE:SONY)

Ballentine Partners LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY) by 449.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 73,286 shares of the company’s stock after buying an additional 59,949 shares during the period. Ballentine Partners LLC’s holdings in Sony Group were worth $1,551,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Fisher Asset Management LLC grew its stake in Sony Group by 12.7% in the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after purchasing an additional 972,075 shares during the period. Mediolanum International Funds Ltd purchased a new stake in Sony Group in the third quarter worth $109,462,000. Marshall Wace LLP grew its stake in Sony Group by 8,495.0% in 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 period. Thrivent Financial for Lutherans grew its stake in Sony Group by 0.5% in the third 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, Natixis Advisors LLC grew its stake in Sony Group by 28.3% in the third quarter. Natixis Advisors LLC now owns 353,041 shares of the company’s stock worth $34,093,000 after purchasing an additional 77,870 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SONY shares. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. TD Cowen dropped their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, Oppenheimer dropped their target price 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 equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sony Group currently has an average rating of “Buy” and an average price target of $24.00.

Sony Group Trading Up 1.3 %

Sony Group stock opened at $20.92 on Wednesday. The company has a market capitalization of $126.49 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 12.85 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $22.71. The business’s fifty day simple moving average is $20.52 and its two-hundred day simple moving average is $12.94.

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.