Ballentine Partners LLC Acquires 59,949 Shares of Sony Group Co. (NYSE:SONY)

Ballentine Partners LLC increased its holdings in shares of Sony Group Co. (NYSE:SONYFree Report) by 449.5% during the fourth quarter, HoldingsChannel reports. The firm owned 73,286 shares of the company’s stock after buying an additional 59,949 shares during the period. Ballentine Partners LLC’s holdings in Sony Group were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SONY. General Partner Inc. lifted 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 during the period. Hilltop National Bank lifted its holdings in Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after acquiring an additional 1,174 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after acquiring an additional 1,204 shares during the period. Rise Advisors LLC lifted its holdings in Sony Group by 399.1% in the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after acquiring an additional 1,397 shares during the period. Finally, Global Financial Private Client LLC lifted its holdings in Sony Group by 302.9% in the fourth quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock valued at $41,000 after acquiring an additional 1,466 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Performance

NYSE:SONY opened at $20.92 on Wednesday. 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 Co. has a 12-month low of $15.02 and a 12-month high of $22.71. The stock has a 50-day moving average price of $20.52 and a 200 day moving average price of $12.94. The stock has a market capitalization of $126.49 billion, a P/E ratio of 17.12, a P/E/G ratio of 12.85 and a beta of 0.95.

Analyst Ratings Changes

A number of analysts have commented on the company. TD Cowen reduced their price target 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 reduced their price target 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 cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $24.00.

Read Our Latest Stock Report on SONY

Sony Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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