BFI Infinity Ltd. Buys Shares of 18,000 Sony Group Co. (NYSE:SONY)

BFI Infinity Ltd. bought a new position in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 18,000 shares of the company’s stock, valued at approximately $381,000. Sony Group makes up approximately 0.4% of BFI Infinity Ltd.’s portfolio, making the stock its 26th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SONY. Pictet North America Advisors SA increased its position in shares of Sony Group by 19.4% during the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after acquiring an additional 39,688 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Sony Group by 39.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock valued at $9,993,000 after purchasing an additional 29,165 shares during the period. Diversify Wealth Management LLC lifted its holdings in shares of Sony Group by 511.4% in the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after purchasing an additional 42,156 shares in the last quarter. Confluence Investment Management LLC boosted its position in shares of Sony Group by 401.5% during the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company’s stock worth $913,000 after buying an additional 34,533 shares during the period. Finally, Creative Planning grew its holdings in shares of Sony Group by 2.7% during the second quarter. Creative Planning now owns 284,636 shares of the company’s stock worth $24,180,000 after buying an additional 7,401 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SONY has been the topic of several research reports. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a report on Thursday. They set an “outperform” rating for the company. TD Cowen lowered their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Oppenheimer decreased their price target 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 investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $24.00.

Sony Group Price Performance

Shares of NYSE SONY opened at $20.42 on Thursday. 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 company has a market cap of $123.49 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71. The business’s 50 day moving average price is $20.34 and its two-hundred day moving average price is $12.33.

Sony Group Company 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.