Sony Group Co. (NYSE:SONY) Shares Acquired by Boston Common Asset Management LLC

Boston Common Asset Management LLC boosted its position in shares of Sony Group Co. (NYSE:SONY) by 362.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,961 shares of the company’s stock after buying an additional 179,438 shares during the period. Boston Common Asset Management LLC’s holdings in Sony Group were worth $4,845,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Pictet North America Advisors SA increased its position in Sony Group by 19.4% during the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after buying an additional 39,688 shares during the period. Crossmark Global Holdings Inc. increased its position 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 during the period. Diversify Wealth Management LLC increased its position in Sony Group by 511.4% during the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock worth $4,867,000 after buying an additional 42,156 shares during the period. Confluence Investment Management LLC increased its position in Sony Group by 401.5% during the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company’s stock worth $913,000 after buying an additional 34,533 shares during the period. Finally, Creative Planning increased its position in Sony Group by 2.7% during the second quarter. Creative Planning now owns 284,636 shares of the company’s stock worth $24,180,000 after buying an additional 7,401 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SONY shares. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday. They issued an “outperform” rating on the stock. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. TD Cowen lowered their target price 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. Finally, Oppenheimer lowered their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. One 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. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Performance

NYSE SONY opened at $20.64 on Friday. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.71. The stock has a market cap of $124.79 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95. The business has a fifty day moving average of $20.45 and a 200-day moving average of $12.56. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

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.