Sony Group Co. (NYSE:SONY) Shares Bought by Doliver Advisors LP

Doliver Advisors LP grew its position in shares of Sony Group Co. (NYSE:SONY) by 397.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,730 shares of the company’s stock after purchasing an additional 66,894 shares during the period. Doliver Advisors LP’s holdings in Sony Group were worth $1,772,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mediolanum International Funds Ltd purchased a new stake in Sony Group during the 3rd quarter worth approximately $109,462,000. Fisher Asset Management LLC increased its stake in shares of Sony Group by 12.7% in the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after buying an additional 972,075 shares during the last quarter. Marshall Wace LLP raised its holdings in Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after acquiring an additional 838,543 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Sony Group by 601.1% in the third quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company’s stock valued at $24,850,000 after acquiring an additional 220,628 shares in the last quarter. Finally, Alight Capital Management LP bought a new position in Sony Group during the 2nd quarter valued at $12,742,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Performance

Shares of Sony Group stock traded down $0.39 on Monday, reaching $20.93. 2,292,140 shares of the company were exchanged, compared to its average volume of 2,372,156. The firm has a market cap of $126.58 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 13.74 and a beta of 0.95. Sony Group Co. has a 1-year low of $15.02 and a 1-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. The company’s 50-day moving average is $19.96 and its two-hundred day moving average is $11.48.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SONY shares. Oppenheimer cut 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. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. TD Cowen lowered their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $24.00.

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.