Cambiar Investors LLC Grows Position in Sony Group Co. (NYSE:SONY)

Cambiar Investors LLC boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 548.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,059,241 shares of the company’s stock after purchasing an additional 896,013 shares during the period. Cambiar Investors LLC’s holdings in Sony Group were worth $22,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SONY. Fisher Asset Management LLC boosted its stake in Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after buying an additional 972,075 shares during the last quarter. Cardinal Capital Management Inc. raised its position in Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after purchasing an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd purchased a new stake in Sony Group during the third quarter valued at approximately $109,462,000. Manning & Napier Advisors LLC raised its position in Sony Group by 356.8% during the fourth quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock valued at $20,500,000 after purchasing an additional 756,705 shares during the period. Finally, XY Capital Ltd raised its position in Sony Group by 1,850.5% during the fourth quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock valued at $19,478,000 after purchasing an additional 873,339 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

Shares of SONY stock opened at $22.41 on Tuesday. The firm has a market capitalization of $135.50 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96. 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 business has a fifty day moving average of $21.30 and a 200 day moving average of $14.74. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $23.05.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SONY shares. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, Oppenheimer reduced their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Sony Group presently has a consensus 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.