Sony Group Co. (NYSE:SONY) Shares Bought by Blue Square Asset Management LLC

Blue Square Asset Management LLC increased its holdings in shares of Sony Group Co. (NYSE:SONY) by 416.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 145,614 shares of the company’s stock after buying an additional 117,392 shares during the period. Sony Group accounts for about 1.5% of Blue Square Asset Management LLC’s holdings, making the stock its 21st largest holding. Blue Square Asset Management LLC’s holdings in Sony Group were worth $3,081,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SONY. Flagship Harbor Advisors LLC boosted its stake in Sony Group by 389.5% during the fourth quarter. Flagship Harbor Advisors LLC now owns 25,904 shares of the company’s stock worth $548,000 after buying an additional 20,612 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Sony Group by 469.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 6,906 shares of the company’s stock valued at $146,000 after acquiring an additional 5,693 shares during the last quarter. Fifth Third Bancorp increased its stake 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 acquiring an additional 119,362 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Sony Group by 422.0% in the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after purchasing an additional 16,094 shares during the last quarter. Finally, Cardinal Capital Management Inc. increased its position in shares of Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after purchasing an additional 1,287,259 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

NYSE SONY opened at $20.83 on Friday. The company has a market capitalization of $125.94 billion, a PE ratio of 17.04, a P/E/G ratio of 13.02 and a beta of 0.95. 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 1 year low of $15.02 and a 1 year high of $22.71. The company has a fifty day moving average of $20.68 and a two-hundred day moving average of $13.24.

Analyst Ratings Changes

SONY has been the subject of a number of research analyst reports. TD Cowen lowered their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer dropped their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.