Sony Group Co. (NYSE:SONY) Shares Purchased by Boston Common Asset Management LLC

Boston Common Asset Management LLC boosted its holdings in Sony Group Co. (NYSE:SONY) by 362.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 228,961 shares of the company’s stock after purchasing an additional 179,438 shares during the quarter. Boston Common Asset Management LLC’s holdings in Sony Group were worth $4,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. General Partner Inc. grew its position in Sony Group by 400.0% during the fourth 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 period. Hilltop National Bank grew its position in Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after acquiring an additional 1,174 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after acquiring an additional 1,204 shares during the period. Rise Advisors LLC grew its position in Sony Group by 399.1% during the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after acquiring an additional 1,397 shares during the period. Finally, Global Financial Private Client LLC grew its position in Sony Group by 302.9% during the fourth quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock valued at $41,000 after acquiring an additional 1,466 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SONY has been the subject of a number of research reports. TD Cowen lowered their price target 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. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday. They set an “outperform” rating for the company. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. 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 report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Trading Up 1.5 %

Shares of SONY opened at $20.64 on Friday. The company has a market capitalization of $124.79 billion, a P/E ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock has a 50-day moving average price of $20.45 and a 200 day moving average price of $12.56.

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.