Sony Group Co. (NYSE:SONY) Holdings Raised by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 403.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,606,160 shares of the company’s stock after buying an additional 1,287,259 shares during the period. Sony Group makes up approximately 1.2% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Cardinal Capital Management Inc.’s holdings in Sony Group were worth $33,986,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. General Partner Inc. increased its stake in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after purchasing an additional 996 shares during the last quarter. Hilltop National Bank boosted its position in Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after purchasing an additional 1,174 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after purchasing an additional 1,204 shares during the period. Rise Advisors LLC grew its stake in Sony Group by 399.1% in the 4th quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after buying an additional 1,397 shares during the last quarter. Finally, Global Financial Private Client LLC lifted its position in Sony Group by 302.9% during the 4th quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock worth $41,000 after acquiring an additional 1,466 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on SONY. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen decreased their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Oppenheimer dropped their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. One investment 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 company. According to data from MarketBeat, Sony Group presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Performance

Shares of NYSE:SONY opened at $20.92 on Thursday. The business has a fifty day moving average of $20.57 and a 200-day moving average of $12.99. The firm has a market cap of $126.49 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 13.01 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. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71.

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.