Sony Group Co. (NYSE:SONY) Shares Acquired by Rise Advisors LLC

Rise Advisors LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 399.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,747 shares of the company’s stock after purchasing an additional 1,397 shares during the quarter. Rise Advisors LLC’s holdings in Sony Group were worth $37,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SONY. Mediolanum International Funds Ltd bought a new stake in shares of Sony Group in the third quarter worth $109,462,000. Fisher Asset Management LLC raised 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 valued at $834,013,000 after purchasing an additional 972,075 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Sony Group by 8,495.0% during the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after purchasing an additional 838,543 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Sony Group by 601.1% in the third quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company’s stock worth $24,850,000 after purchasing an additional 220,628 shares in the last quarter. Finally, Alight Capital Management LP bought a new stake in Sony Group in the second quarter valued at about $12,742,000. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

NYSE SONY traded up $0.11 during trading hours on Tuesday, hitting $21.01. The company had a trading volume of 1,424,359 shares, compared to its average volume of 2,428,162. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.71. The firm has a market cap of $127.06 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. 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 business has a fifty day simple moving average of $20.02 and a 200-day simple moving average of $11.61.

Analyst Ratings Changes

Several brokerages have recently commented on SONY. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen decreased their price objective 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. Oppenheimer dropped their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target 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.