Mill Creek Capital Advisors LLC Has $2.10 Million Holdings in Sony Group Co. (NYSE:SONY)

Mill Creek Capital Advisors LLC increased its holdings in Sony Group Co. (NYSE:SONY) by 399.0% during the fourth quarter, HoldingsChannel reports. The fund owned 99,280 shares of the company’s stock after acquiring an additional 79,386 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Sony Group were worth $2,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Arlington Trust Co LLC increased its stake in Sony Group by 400.0% in the 4th quarter. Arlington Trust Co LLC now owns 10,170 shares of the company’s stock valued at $215,000 after buying an additional 8,136 shares during the last quarter. XY Capital Ltd increased its stake in Sony Group by 1,850.5% in the 4th quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock valued at $19,478,000 after buying an additional 873,339 shares during the last quarter. Silicon Valley Capital Partners increased its stake in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after buying an additional 927 shares during the last quarter. Savant Capital LLC purchased a new stake in Sony Group in the 4th quarter valued at about $304,000. Finally, Stiles Financial Services Inc increased its stake in Sony Group by 371.1% in the 4th quarter. Stiles Financial Services Inc now owns 80,206 shares of the company’s stock valued at $1,697,000 after buying an additional 63,180 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SONY. Oppenheimer decreased 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. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Down 0.7 %

SONY opened at $22.41 on Tuesday. The company has a 50 day moving average of $21.30 and a 200 day moving average of $14.74. The company has a market cap of $135.50 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $23.05. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

About Sony Group

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.