Live Oak Private Wealth LLC Increases Holdings in Sony Group Co. (NYSE:SONY)

Live Oak Private Wealth LLC grew its holdings in Sony Group Co. (NYSE:SONY) by 389.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 402,744 shares of the company’s stock after acquiring an additional 320,485 shares during the period. Sony Group accounts for approximately 1.4% of Live Oak Private Wealth LLC’s investment portfolio, making the stock its 23rd biggest holding. Live Oak Private Wealth LLC’s holdings in Sony Group were worth $8,522,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Y.D. More Investments Ltd lifted its stake in Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock worth $763,000 after acquiring an additional 28,852 shares during the period. Pictet North America Advisors SA increased its position in Sony Group by 19.4% during the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock valued at $23,561,000 after purchasing an additional 39,688 shares during the period. Fifth Third Bancorp raised its holdings in Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock worth $3,337,000 after purchasing an additional 119,362 shares in the last quarter. Mitchell & Pahl Private Wealth LLC lifted its position in shares of Sony Group by 430.0% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after purchasing an additional 32,725 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Sony Group by 39.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock valued at $9,993,000 after purchasing an additional 29,165 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SONY has been the subject of a number of research reports. TD Cowen decreased their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer reduced their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Price Performance

SONY stock opened at $23.02 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a 50 day moving average price of $21.20 and a 200-day moving average price of $14.32. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $23.05. The firm has a market capitalization of $139.19 billion, a price-to-earnings ratio of 18.83, a PEG 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.