Sony Group Co. (NYSE:SONY) Shares Bought by Blue Square Asset Management LLC

Blue Square Asset Management LLC raised its position in shares of Sony Group Co. (NYSE:SONY) by 416.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,614 shares of the company’s stock after purchasing an additional 117,392 shares during the quarter. Sony Group accounts for 1.5% of Blue Square Asset Management LLC’s portfolio, making the stock its 21st largest position. Blue Square Asset Management LLC’s holdings in Sony Group were worth $3,081,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Hexagon Capital Partners LLC boosted its holdings in 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. Wedmont Private Capital grew its holdings in Sony Group by 12.9% during the third quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock worth $265,000 after acquiring an additional 316 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Sony Group by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company’s stock worth $1,660,000 after acquiring an additional 549 shares during the period. Fiduciary Trust Co raised its position in Sony Group by 13.4% during the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock valued at $479,000 after acquiring an additional 585 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Sony Group by 14.9% in the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after acquiring an additional 599 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

NYSE:SONY opened at $20.83 on Friday. The company has a fifty day moving average of $20.68 and a two-hundred day moving average of $13.24. 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 $125.94 billion, a PE ratio of 17.04, a P/E/G ratio of 13.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SONY shares. TD Cowen cut their target price 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 cut their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.