Doliver Advisors LP Increases Stock Holdings in Sony Group Co. (NYSE:SONY)

Doliver Advisors LP increased its holdings in Sony Group Co. (NYSE:SONY) by 397.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,730 shares of the company’s stock after buying an additional 66,894 shares during the period. Doliver Advisors LP’s holdings in Sony Group were worth $1,772,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC grew its position in shares of Sony Group by 38.6% in the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after purchasing an additional 233 shares during the last quarter. General Partner Inc. increased 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 worth $26,000 after buying an additional 996 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after acquiring an additional 716 shares during the last quarter. Drive Wealth Management LLC purchased a new stake in Sony Group during the 3rd quarter worth about $201,000. Finally, CreativeOne Wealth LLC acquired a new position in Sony Group in the 3rd quarter valued at about $201,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SONY shares. TD Cowen lowered their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Oppenheimer decreased 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. Finally, StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $24.00.

Sony Group Trading Down 1.8 %

Shares of NYSE SONY traded down $0.39 during trading on Monday, hitting $20.93. 2,292,140 shares of the company traded hands, compared to its average volume of 2,372,156. 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 capitalization of $126.58 billion, a P/E ratio of 17.13, a P/E/G ratio of 13.74 and a beta of 0.95. The company has a 50-day moving average price of $19.96 and a 200-day moving average price of $11.48. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71.

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.