Sony Group Co. (NYSE:SONY) Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC increased its stake in shares of Sony Group Co. (NYSE:SONY) by 399.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,789 shares of the company’s stock after purchasing an additional 58,227 shares during the period. Calamos Advisors LLC’s holdings in Sony Group were worth $1,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. General Partner Inc. raised its holdings in shares of Sony Group by 400.0% during 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 last quarter. Hilltop National Bank raised its stake in Sony Group by 346.3% in 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Sony Group by 400.0% in 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 during the last quarter. Rise Advisors LLC lifted its holdings in Sony Group by 399.1% in 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 worth $38,000 after purchasing an additional 1,448 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SONY. TD Cowen decreased their price target on shares of 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 note on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer reduced their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. One investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Price Performance

Shares of SONY stock opened at $22.53 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 $136.27 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 10.96 and a beta of 0.95. The firm’s 50-day moving average is $21.07 and its two-hundred day moving average is $14.20. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $22.71.

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.