Bruce G. Allen Investments LLC Has $100,000 Position in Sony Group Co. (NYSE:SONY)

Bruce G. Allen Investments LLC grew its holdings in Sony Group Co. (NYSE:SONY) by 410.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,709 shares of the company’s stock after buying an additional 3,787 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Sony Group were worth $100,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mediolanum International Funds Ltd acquired a new position in shares of Sony Group during the third quarter valued at $109,462,000. Fisher Asset Management LLC lifted its position in Sony Group by 12.7% during 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 during the period. Marshall Wace LLP boosted its stake in shares of Sony Group by 8,495.0% in the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after purchasing an additional 838,543 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Sony Group by 601.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company’s stock worth $24,850,000 after buying an additional 220,628 shares during the period. Finally, Alight Capital Management LP bought a new stake in shares of Sony Group during the second quarter worth approximately $12,742,000. 14.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on SONY shares. Oppenheimer lowered their target price 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. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. TD Cowen reduced their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, Daiwa America raised Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Down 1.9 %

Shares of NYSE SONY traded down $0.40 during mid-day trading on Friday, reaching $20.37. 4,256,773 shares of the company’s stock were exchanged, compared to its average volume of 3,041,400. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $20.20 and a 200 day simple moving average of $11.86. The firm has a market capitalization of $123.19 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 13.74 and a beta of 0.95.

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.