Sony Group Co. (NYSE:SONY) Shares Bought by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management grew its holdings in Sony Group Co. (NYSE:SONY) by 385.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,960 shares of the company’s stock after purchasing an additional 57,123 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Sony Group were worth $1,523,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Fisher Asset Management LLC lifted its holdings in Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after purchasing an additional 972,075 shares in the last quarter. Cardinal Capital Management Inc. lifted its stake in shares of Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after buying an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd acquired a new stake in Sony Group during the third quarter worth approximately $109,462,000. Manning & Napier Advisors LLC grew its stake in Sony Group by 356.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock worth $20,500,000 after acquiring an additional 756,705 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in Sony Group by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock valued at $61,579,000 after acquiring an additional 2,974 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on SONY. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. TD Cowen decreased their price target 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. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. Finally, Oppenheimer decreased 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 report on Tuesday, November 12th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $24.00.

Sony Group Price Performance

SONY stock opened at $22.13 on Thursday. The stock has a 50-day moving average price of $20.83 and a two-hundred day moving average price of $13.61. The company has a market cap of $133.82 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 13.02 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $22.71.

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.