Sivia Capital Partners LLC Grows Stake in Sony Group Co. (NYSE:SONY)

Sivia Capital Partners LLC raised its holdings in Sony Group Co. (NYSE:SONY) by 387.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,135 shares of the company’s stock after buying an additional 13,617 shares during the quarter. Sivia Capital Partners LLC’s holdings in Sony Group were worth $363,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. General Partner Inc. boosted its holdings in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares in the last quarter. Hilltop National Bank boosted its stake in shares of Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares in the last quarter. Rise Advisors LLC increased its position in shares of Sony Group by 399.1% during the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after buying an additional 1,397 shares during the period. Founders Capital Management raised its stake in Sony Group by 400.0% in the fourth quarter. Founders Capital Management now owns 2,005 shares of the company’s stock worth $42,000 after buying an additional 1,604 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new stake in Sony Group in the fourth quarter worth about $46,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Stock Down 0.7 %

Sony Group stock traded down $0.15 during mid-day trading on Monday, hitting $20.20. The company had a trading volume of 2,071,042 shares, compared to its average volume of 3,015,036. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $22.71. The company has a market capitalization of $122.16 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. The stock’s 50 day moving average price is $20.26 and its two-hundred day moving average price is $12.10. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Oppenheimer decreased their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, TD Cowen lowered their price target 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. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $24.00.

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.