Optas LLC Boosts Position in Sony Group Co. (NYSE:SONY)

Optas LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 543.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,903 shares of the company’s stock after acquiring an additional 15,121 shares during the period. Optas LLC’s holdings in Sony Group were worth $379,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ogorek Anthony Joseph NY ADV grew its holdings in Sony Group by 400.0% during the fourth quarter. Ogorek Anthony Joseph NY ADV now owns 2,395 shares of the company’s stock worth $50,000 after acquiring an additional 1,916 shares during the period. One Wealth Advisors LLC grew its stake in shares of Sony Group by 400.9% during the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company’s stock worth $729,000 after purchasing an additional 27,593 shares during the period. Princeton Global Asset Management LLC increased its holdings in shares of Sony Group by 400.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 215,967 shares of the company’s stock valued at $4,570,000 after purchasing an additional 172,773 shares in the last quarter. Chicago Capital LLC increased its holdings in shares of Sony Group by 394.9% during the 4th quarter. Chicago Capital LLC now owns 12,615 shares of the company’s stock valued at $267,000 after purchasing an additional 10,066 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its stake in shares of Sony Group by 892.9% in the 4th quarter. CENTRAL TRUST Co now owns 1,946 shares of the company’s stock valued at $41,000 after purchasing an additional 1,750 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sony Group Stock Down 0.5 %

SONY stock opened at $21.90 on Tuesday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. 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 firm has a 50-day simple moving average of $21.01 and a 200-day simple moving average of $14.07. The stock has a market capitalization of $132.41 billion, a P/E ratio of 17.92, a P/E/G ratio of 10.96 and a beta of 0.96.

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.