Procyon Advisors LLC Buys 30,350 Shares of Sony Group Co. (NYSE:SONY)

Procyon Advisors LLC raised its position in shares of Sony Group Co. (NYSE:SONY) by 411.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,734 shares of the company’s stock after acquiring an additional 30,350 shares during the quarter. Procyon Advisors LLC’s holdings in Sony Group were worth $798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC grew its stake in shares of Sony Group by 12.7% in the 3rd 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 last quarter. Mediolanum International Funds Ltd bought a new stake in Sony Group in the third quarter worth $109,462,000. Marshall Wace LLP boosted its holdings 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 acquiring an additional 838,543 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of 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 acquiring an additional 2,974 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Sony Group by 3.5% during the second quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock valued at $51,946,000 after acquiring an additional 20,802 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of SONY stock opened at $20.64 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 company has a 50 day moving average price of $20.45 and a 200-day moving average price of $12.63. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. The firm has a market capitalization of $124.79 billion, a PE ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95.

Wall Street Analyst Weigh In

SONY has been the topic of a number of analyst reports. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday. They issued an “outperform” rating on the stock. TD Cowen cut their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report 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. Finally, Oppenheimer cut 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. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $24.00.

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.