Bruce G. Allen Investments LLC Buys 3,787 Shares of Sony Group Co. (NYSE:SONY)

Bruce G. Allen Investments LLC increased its position in shares of Sony Group Co. (NYSE:SONY) by 410.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,709 shares of the company’s stock after buying an additional 3,787 shares during the period. Bruce G. Allen Investments LLC’s holdings in Sony Group were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in 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. Mediolanum International Funds Ltd acquired a new stake in shares of Sony Group during the third quarter worth $109,462,000. Marshall Wace LLP boosted its position in shares of Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after acquiring an additional 838,543 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Sony Group by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock valued at $61,579,000 after acquiring an additional 2,974 shares in the last quarter. Finally, Sei Investments Co. increased its position in Sony Group by 3.5% during the second quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after acquiring an additional 20,802 shares during the period. Institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SONY shares. Oppenheimer cut their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Daiwa America raised Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, TD Cowen cut their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Price Performance

Shares of SONY stock traded down $0.40 on Friday, hitting $20.37. 4,256,773 shares of the company’s stock were exchanged, compared to its average volume of 3,041,400. The company has a 50 day moving average of $20.20 and a 200 day moving average of $11.86. The stock has a market cap of $123.19 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. 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.