Choreo LLC Increases Stake in Sony Group Co. (NYSE:SONY)

Choreo LLC boosted its position in shares of Sony Group Co. (NYSE:SONY) by 370.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 133,990 shares of the company’s stock after purchasing an additional 105,537 shares during the quarter. Choreo LLC’s holdings in Sony Group were worth $2,842,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cardinal Capital Management Inc. lifted its stake in Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after acquiring an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd bought a new position in Sony Group during the 3rd quarter valued at about $109,462,000. Fisher Asset Management LLC lifted its stake in Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after acquiring an additional 972,075 shares during the period. Manning & Napier Advisors LLC lifted its stake in Sony Group by 356.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock valued at $20,500,000 after acquiring an additional 756,705 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in Sony Group by 411.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company’s stock valued at $11,194,000 after acquiring an additional 425,515 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Oppenheimer lowered their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. TD Cowen lowered their price objective 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. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Price Performance

Shares of NYSE:SONY opened at $23.02 on Friday. The firm’s 50 day moving average price is $21.20 and its 200-day moving average price is $14.32. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $23.05. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $139.19 billion, a PE ratio of 18.83, a price-to-earnings-growth 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.