Bourgeon Capital Management LLC Acquires 70,219 Shares of Sony Group Co. (NYSE:SONY)

Bourgeon Capital Management LLC boosted its holdings in Sony Group Co. (NYSE:SONY) by 299.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,703 shares of the company’s stock after purchasing an additional 70,219 shares during the period. Bourgeon Capital Management LLC’s holdings in Sony Group were worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd bought a new stake in Sony Group during the third quarter worth $109,462,000. Fisher Asset Management LLC increased its stake in shares of Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after purchasing an additional 972,075 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Sony Group by 8,495.0% in the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after purchasing an additional 838,543 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Sony Group by 411.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company’s stock valued at $11,194,000 after purchasing an additional 425,515 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Sony Group by 515.7% during the fourth quarter. Park Avenue Securities LLC now owns 333,245 shares of the company’s stock worth $7,051,000 after purchasing an additional 279,124 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Performance

SONY opened at $20.92 on Wednesday. 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 $126.49 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 12.85 and a beta of 0.95. The business has a fifty day simple moving average of $20.52 and a 200 day simple moving average of $12.94. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SONY shares. Oppenheimer dropped their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. TD Cowen dropped their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $24.00.

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.