Maj Invest Holding A S Purchases 4,400 Shares of Sony Group Co. (NYSE:SONY)

Maj Invest Holding A S grew its position in Sony Group Co. (NYSE:SONY) by 400.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,500 shares of the company’s stock after purchasing an additional 4,400 shares during the quarter. Sony Group makes up about 0.0% of Maj Invest Holding A S’s portfolio, making the stock its 29th largest position. Maj Invest Holding A S’s holdings in Sony Group were worth $116,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its stake 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 buying an additional 233 shares during the period. Wedmont Private Capital lifted its position in shares of Sony Group by 12.9% during the 3rd quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock valued at $265,000 after acquiring an additional 316 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake 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 in the last quarter. Fiduciary Trust Co grew its holdings in Sony Group by 13.4% in the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock worth $479,000 after purchasing an additional 585 shares during the period. Finally, First Horizon Advisors Inc. increased its stake 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 purchasing an additional 599 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SONY. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. TD Cowen decreased their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Oppenheimer reduced their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Performance

NYSE SONY opened at $20.83 on Monday. The company has a fifty day moving average price of $20.68 and a 200-day moving average price of $13.30. The firm has a market cap of $125.94 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 13.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71.

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.