Snowden Capital Advisors LLC Increases Holdings in Sony Group Co. (NYSE:SONY)

Snowden Capital Advisors LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 433.4% during the fourth quarter, Holdings Channel reports. The firm owned 59,458 shares of the company’s stock after acquiring an additional 48,311 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Sony Group were worth $1,258,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Primecap Management Co. CA increased its holdings in Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares during the period. Aristotle Capital Management LLC increased its holdings in Sony Group by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company’s stock valued at $1,116,653,000 after purchasing an additional 42,083,842 shares during the period. Fisher Asset Management LLC increased its holdings in Sony Group by 425.9% during the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock valued at $961,089,000 after purchasing an additional 36,783,737 shares during the period. Bank of America Corp DE grew its holdings in shares of Sony Group by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company’s stock worth $503,713,000 after acquiring an additional 18,821,902 shares during the period. Finally, Fiduciary Management Inc. WI raised its position in shares of Sony Group by 377.2% in the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company’s stock worth $218,382,000 after acquiring an additional 8,157,776 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 0.8%

SONY stock opened at $24.67 on Monday. Sony Group Co. has a twelve month low of $15.67 and a twelve month high of $26.08. 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 market cap of $149.18 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. The business has a 50 day moving average of $24.32 and a 200 day moving average of $22.41.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wolfe Research reissued a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. Oppenheimer reissued an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group assumed coverage on Sony Group in a research report on Tuesday, March 25th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $28.00.

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.