Sony Group Co. (NYSE:SONY) Shares Purchased by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management raised its position in Sony Group Co. (NYSE:SONY) by 385.0% in the 4th quarter, Holdings Channel reports. The fund owned 71,960 shares of the company’s stock after purchasing an additional 57,123 shares during the period. Hanson & Doremus Investment Management’s holdings in Sony Group were worth $1,523,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cardinal Capital Management Inc. increased its stake in Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after buying an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of Sony Group during the third quarter valued at about $109,462,000. Fisher Asset Management LLC increased its position 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 worth $834,013,000 after acquiring an additional 972,075 shares during the last quarter. Manning & Napier Advisors LLC lifted its stake in shares of Sony Group by 356.8% in the fourth quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock worth $20,500,000 after acquiring an additional 756,705 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Sony Group by 411.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company’s stock valued at $11,194,000 after purchasing an additional 425,515 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of SONY opened at $22.13 on Thursday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market cap of $133.82 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 13.02 and a beta of 0.95. The stock has a 50 day moving average of $20.83 and a 200-day moving average of $13.61.

Analyst Upgrades and Downgrades

SONY has been the topic of several analyst reports. Oppenheimer dropped 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. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, TD Cowen dropped their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. 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. Based on data from MarketBeat, Sony Group currently has a consensus rating of “Buy” and an average price target of $24.00.

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.