Crossmark Global Holdings Inc. Increases Stake in Sony Group Co. (NYSE:SONY)

Crossmark Global Holdings Inc. raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 411.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 528,988 shares of the company’s stock after buying an additional 425,515 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sony Group were worth $11,194,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Pictet North America Advisors SA raised its holdings in Sony Group by 19.4% in the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after purchasing an additional 39,688 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in Sony Group by 511.4% during the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock worth $4,867,000 after buying an additional 42,156 shares in the last quarter. Confluence Investment Management LLC grew its holdings in Sony Group by 401.5% in the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company’s stock valued at $913,000 after purchasing an additional 34,533 shares during the period. Creative Planning increased its position in shares of Sony Group by 2.7% in the second quarter. Creative Planning now owns 284,636 shares of the company’s stock valued at $24,180,000 after buying an additional 7,401 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in 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 acquiring an additional 972,075 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Trading Up 1.5 %

Shares of SONY stock opened at $20.64 on Tuesday. The business’s fifty day moving average price is $20.48 and its 200 day moving average price is $12.81. The firm has a market capitalization of $124.79 billion, a PE ratio of 16.89, a P/E/G ratio of 12.85 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.

Analyst Upgrades and Downgrades

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

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.