Kathmere Capital Management LLC Takes Position in Sony Group Co. (NYSE:SONY)

Kathmere Capital Management LLC purchased a new stake in shares of Sony Group Co. (NYSE:SONY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,072 shares of the company’s stock, valued at approximately $234,000.

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

Sony Group Stock Down 0.7 %

Shares of NYSE:SONY opened at $20.36 on Friday. The company’s fifty day moving average is $20.39 and its two-hundred day moving average is $12.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The stock has a market capitalization of $123.10 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday. They issued an “outperform” rating on the stock. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. TD Cowen decreased their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Oppenheimer cut their price objective 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 investment 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. Based on data from MarketBeat.com, Sony Group currently has a consensus rating of “Buy” and a consensus price target of $24.00.

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.