Heritage Family Offices LLP Has $1.03 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

Heritage Family Offices LLP increased its position in Sony Group Co. (NYSE:SONY) by 470.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,610 shares of the company’s stock after purchasing an additional 40,084 shares during the quarter. Heritage Family Offices LLP’s holdings in Sony Group were worth $1,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SONY. Mediolanum International Funds Ltd bought a new position in shares of Sony Group in the 3rd quarter valued at about $109,462,000. Fisher Asset Management LLC boosted its stake 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 valued at $834,013,000 after acquiring an additional 972,075 shares during the last quarter. Marshall Wace LLP grew its holdings in Sony Group by 8,495.0% during the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after acquiring an additional 838,543 shares during the period. Park Avenue Securities LLC raised its position in shares of Sony Group by 515.7% during the 4th quarter. Park Avenue Securities LLC now owns 333,245 shares of the company’s stock valued at $7,051,000 after acquiring an additional 279,124 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake 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 during the period. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Up 3.0 %

Shares of Sony Group stock opened at $20.47 on Thursday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market capitalization of $123.80 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95. The business has a 50-day moving average of $20.34 and a two-hundred day moving average of $12.33.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SONY shares. Daiwa America raised Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. 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 downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen decreased their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday. They issued an “outperform” rating on the stock. One 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target 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.