Clarius Group LLC Purchases 27,252 Shares of Sony Group Co. (NYSE:SONY)

Clarius Group LLC increased its position in Sony Group Co. (NYSE:SONY) by 400.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,065 shares of the company’s stock after acquiring an additional 27,252 shares during the period. Clarius Group LLC’s holdings in Sony Group were worth $721,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SONY. Fisher Asset Management LLC boosted its position in 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 purchasing an additional 972,075 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of Sony Group in the third quarter worth approximately $109,462,000. Marshall Wace LLP grew its position in Sony Group by 8,495.0% during the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after buying an additional 838,543 shares during the period. Thrivent Financial for Lutherans increased its holdings in Sony Group by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock valued at $61,579,000 after buying an additional 2,974 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Sony Group by 3.5% during the second quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock valued at $51,946,000 after buying an additional 20,802 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD Cowen dropped their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. 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 report on Tuesday, November 12th. Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday. They issued an “outperform” rating for the company. Finally, StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Trading Up 1.5 %

Shares of Sony Group stock 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 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 has a market capitalization of $124.79 billion, a P/E ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. The company has a fifty day moving average of $20.45 and a 200 day moving average of $12.63.

Sony Group 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.