Successful Portfolios LLC Has $2.12 Million Holdings in Sony Group Co. (NYSE:SONY)

Successful Portfolios LLC boosted its stake in Sony Group Co. (NYSE:SONY) by 400.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,076 shares of the company’s stock after purchasing an additional 80,081 shares during the period. Sony Group comprises approximately 1.4% of Successful Portfolios LLC’s investment portfolio, making the stock its 17th biggest position. Successful Portfolios LLC’s holdings in Sony Group were worth $2,118,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Fisher Asset Management LLC lifted its position in shares of Sony Group by 12.7% in 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 during the period. Mediolanum International Funds Ltd acquired a new position in Sony Group in the third quarter valued at $109,462,000. Marshall Wace LLP boosted its position in Sony Group by 8,495.0% during the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after acquiring an additional 838,543 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Sony Group by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after acquiring an additional 2,974 shares during the period. Finally, Sei Investments Co. raised its position in shares of Sony Group by 3.5% in the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after acquiring an additional 20,802 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on SONY. TD Cowen cut their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Oppenheimer cut their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday. They issued an “outperform” rating for the company. Finally, StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Sony Group currently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Up 1.5 %

Shares of NYSE:SONY opened at $20.64 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71. The business’s 50 day simple moving average is $20.45 and its two-hundred day simple moving average is $12.69. The firm has a market cap of $124.79 billion, a P/E ratio of 16.89, a PEG ratio of 12.41 and a beta of 0.95.

Sony Group 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.