Sony Group Co. (NYSE:SONY) Shares Acquired by Highland Capital Management LLC

Highland Capital Management LLC lifted its stake in shares of Sony Group Co. (NYSE:SONY) by 383.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 214,525 shares of the company’s stock after purchasing an additional 170,165 shares during the quarter. Highland Capital Management LLC’s holdings in Sony Group were worth $4,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. General Partner Inc. grew its holdings in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after buying an additional 996 shares in the last quarter. Hilltop National Bank boosted its stake in 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. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Sony Group by 400.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after purchasing an additional 1,204 shares in the last quarter. Rise Advisors LLC boosted its stake in Sony Group by 399.1% during the 4th quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Pacific Capital Wealth Advisors Inc. boosted its stake in Sony Group by 400.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 1,810 shares of the company’s stock valued at $38,000 after purchasing an additional 1,448 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SONY shares. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. 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 research report on Friday, October 11th. 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. Finally, StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One research 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’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $24.00.

Sony Group Price Performance

SONY opened at $22.13 on Thursday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71. The stock has a fifty day moving average price of $20.83 and a 200 day moving average price of $13.61. The stock has a market cap of $133.82 billion, a price-to-earnings ratio of 18.11, a PEG 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 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.