Y.D. More Investments Ltd Purchases 28,852 Shares of Sony Group Co. (NYSE:SONY)

Y.D. More Investments Ltd lifted its position in shares of Sony Group Co. (NYSE:SONY) by 400.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,065 shares of the company’s stock after buying an additional 28,852 shares during the quarter. Y.D. More Investments Ltd’s holdings in Sony Group were worth $763,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SONY. Pictet North America Advisors SA raised its holdings in Sony Group by 19.4% in the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock valued at $23,561,000 after acquiring an additional 39,688 shares in the last quarter. Fifth Third Bancorp lifted its position in Sony Group by 311.3% during the fourth 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 during the period. Mitchell & Pahl Private Wealth LLC lifted its position in 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 purchasing an additional 32,725 shares during the period. Crossmark Global Holdings Inc. grew its stake in Sony Group by 39.2% during the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock worth $9,993,000 after buying an additional 29,165 shares in the last quarter. Finally, Blue Square Asset Management LLC increased its holdings in Sony Group by 416.0% in the 4th quarter. Blue Square Asset Management LLC now owns 145,614 shares of the company’s stock valued at $3,081,000 after buying an additional 117,392 shares during the period. Institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

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

Sony Group Stock Performance

Shares of Sony Group stock opened at $22.53 on Wednesday. The company’s 50 day moving average price is $21.07 and its two-hundred day moving average price is $14.20. The firm has a market capitalization of $136.27 billion, a P/E ratio of 18.44, a P/E/G ratio of 10.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.71.

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.