Sony Group Co. (NYSE:SONY) Shares Bought by BTC Capital Management Inc.

BTC Capital Management Inc. grew its stake in Sony Group Co. (NYSE:SONY) by 311.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,385 shares of the company’s stock after purchasing an additional 45,712 shares during the period. BTC Capital Management Inc.’s holdings in Sony Group were worth $1,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in shares of Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after purchasing an additional 972,075 shares in the last quarter. Cardinal Capital Management Inc. boosted its holdings in Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after buying an additional 1,287,259 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in Sony Group during the third quarter worth about $109,462,000. Manning & Napier Advisors LLC increased its holdings in Sony Group by 356.8% in the fourth quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock valued at $20,500,000 after buying an additional 756,705 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Sony Group by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock valued at $61,579,000 after acquiring an additional 2,974 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

Shares of SONY opened at $22.33 on Friday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71. The company’s 50 day simple moving average is $20.90 and its 200 day simple moving average is $13.67. The company has a market capitalization of $135.01 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 11.02 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.

Analyst Ratings Changes

Several equities analysts recently weighed in on SONY shares. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer cut 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. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, 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 research report on Friday, October 11th. 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’s stock. Based on data from MarketBeat.com, Sony Group has an average rating of “Buy” and a consensus price target of $24.00.

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.