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

Optas LLC boosted its stake in Sony Group Co. (NYSE:SONY) by 543.5% in the 4th quarter, Holdings Channel reports. The firm owned 17,903 shares of the company’s stock after purchasing 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SONY. Pictet North America Advisors SA grew its holdings in shares of Sony Group by 19.4% in the third 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 in the last quarter. Fifth Third Bancorp grew its stake in shares of Sony Group by 311.3% in the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock worth $3,337,000 after acquiring an additional 119,362 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in shares of Sony Group by 430.0% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after acquiring an additional 32,725 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Sony Group by 39.2% in the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock valued at $9,993,000 after acquiring an additional 29,165 shares in the last quarter. Finally, Blue Square Asset Management LLC boosted its holdings in Sony Group by 416.0% in the fourth quarter. Blue Square Asset Management LLC now owns 145,614 shares of the company’s stock valued at $3,081,000 after purchasing an additional 117,392 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Trading Down 0.5 %

SONY opened at $21.90 on Tuesday. The business’s 50-day simple moving average is $21.01 and its 200-day simple moving average is $14.07. The company has a market cap of $132.41 billion, a P/E ratio of 17.92, a PEG ratio of 10.96 and a beta of 0.96. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Analyst Upgrades and Downgrades

SONY has been the topic of several recent research reports. Oppenheimer cut their price target on 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 reduced their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Sony Group presently has an average rating of “Buy” and an average target price of $24.00.

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.