Penbrook Management LLC Buys 54,500 Shares of Sony Group Co. (NYSE:SONY)

Penbrook Management LLC boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 389.3% in the fourth quarter, Holdings Channel reports. The firm owned 68,500 shares of the company’s stock after acquiring an additional 54,500 shares during the period. Sony Group comprises about 1.0% of Penbrook Management LLC’s holdings, making the stock its 23rd biggest position. Penbrook Management LLC’s holdings in Sony Group were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SONY. Hexagon Capital Partners LLC lifted its holdings in shares of Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after buying an additional 233 shares during the last quarter. General Partner Inc. lifted its holdings in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after buying an additional 996 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after buying an additional 716 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of 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 worth $32,000 after buying an additional 1,204 shares during the last quarter. Finally, Hilltop National Bank raised its stake in shares of 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 in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of NYSE:SONY opened at $22.13 on Thursday. The business’s fifty day moving average price is $20.83 and its two-hundred day moving average price is $13.61. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.71. The stock has a market capitalization of $133.82 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 13.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SONY. TD Cowen cut their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, Oppenheimer cut 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 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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.