Coldstream Capital Management Inc. Raises Stock Position in Sony Group Co. (NYSE:SONY)

Coldstream Capital Management Inc. increased its position in shares of Sony Group Co. (NYSE:SONY) by 23.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,993 shares of the company’s stock after acquiring an additional 751 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Sony Group were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC increased its holdings in shares of Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after acquiring an additional 972,075 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Sony Group during the 3rd quarter valued at approximately $109,462,000. Marshall Wace LLP raised its holdings in shares of Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after buying an additional 838,543 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Sony Group by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after buying an additional 2,974 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of 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.

Sony Group Stock Down 3.1 %

Shares of SONY opened at $21.69 on Monday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. The company has a market capitalization of $131.17 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 13.74 and a beta of 0.98. The stock’s 50-day moving average price is $19.14 and its 200-day moving average price is $9.60. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Oppenheimer reduced their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. TD Cowen decreased their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Sony Group presently has a consensus rating of “Buy” and an average 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.