Choreo LLC Purchases 105,537 Shares of Sony Group Co. (NYSE:SONY)

Choreo LLC boosted its position in shares of Sony Group Co. (NYSE:SONY) by 370.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 133,990 shares of the company’s stock after acquiring an additional 105,537 shares during the quarter. Choreo LLC’s holdings in Sony Group were worth $2,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd raised its stake in Sony Group by 400.0% during the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock worth $763,000 after acquiring an additional 28,852 shares during the period. Stratos Wealth Advisors LLC grew its holdings in Sony Group by 410.0% during the 4th quarter. Stratos Wealth Advisors LLC now owns 11,613 shares of the company’s stock valued at $246,000 after buying an additional 9,336 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in Sony Group by 397.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,301 shares of the company’s stock valued at $345,000 after buying an additional 13,025 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Sony Group by 400.0% during the 4th quarter. Yousif Capital Management LLC now owns 95,155 shares of the company’s stock valued at $2,013,000 after buying an additional 76,124 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in Sony Group by 565.1% during the 4th quarter. Mather Group LLC. now owns 7,063 shares of the company’s stock valued at $149,000 after buying an additional 6,001 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 0.4 %

SONY stock opened at $23.02 on Friday. The firm has a fifty day moving average price of $21.20 and a 200 day moving average price of $14.32. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $23.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a market cap 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.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SONY. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Oppenheimer cut their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. TD Cowen cut their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $24.00.

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.