Bourgeon Capital Management LLC Buys 70,219 Shares of Sony Group Co. (NYSE:SONY)

Bourgeon Capital Management LLC boosted its position in shares of Sony Group Co. (NYSE:SONY) by 299.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 93,703 shares of the company’s stock after buying an additional 70,219 shares during the quarter. Bourgeon Capital Management LLC’s holdings in Sony Group were worth $1,983,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SONY. General Partner Inc. raised its position in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares during the last quarter. Hilltop National Bank increased its holdings in Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after buying an additional 1,204 shares during the period. Rise Advisors LLC boosted its holdings in Sony Group by 399.1% during the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock worth $37,000 after buying an additional 1,397 shares during the last quarter. Finally, Global Financial Private Client LLC grew its position in shares of Sony Group by 302.9% during the 4th quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock worth $41,000 after buying an additional 1,466 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Sony Group Stock Up 1.3 %

Shares of SONY stock opened at $20.92 on Wednesday. Sony Group Co. has a 12-month low of $15.02 and a 12-month 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. The firm has a fifty day moving average of $20.52 and a 200-day moving average of $12.94. The company has a market capitalization of $126.49 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 12.85 and a beta of 0.95.

Analyst Ratings Changes

Several research firms recently weighed in on SONY. TD Cowen reduced their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, Oppenheimer decreased their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Sony Group presently 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.