Maj Invest Holding A S Boosts Holdings in Sony Group Co. (NYSE:SONY)

Maj Invest Holding A S raised its stake in Sony Group Co. (NYSE:SONY) by 400.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,500 shares of the company’s stock after acquiring an additional 4,400 shares during the quarter. Sony Group makes up 0.0% of Maj Invest Holding A S’s holdings, making the stock its 29th biggest position. Maj Invest Holding A S’s holdings in Sony Group were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SONY. Cardinal Capital Management Inc. lifted its stake in Sony Group by 403.7% in 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 last quarter. Mediolanum International Funds Ltd purchased a new position in shares of Sony Group during the 3rd quarter valued at $109,462,000. Fisher Asset Management LLC grew 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 acquiring an additional 972,075 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Sony Group by 411.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company’s stock worth $11,194,000 after acquiring an additional 425,515 shares during the period. Finally, Park Avenue Securities LLC raised its stake in Sony Group by 515.7% in the 4th quarter. Park Avenue Securities LLC now owns 333,245 shares of the company’s stock valued at $7,051,000 after acquiring an additional 279,124 shares during the period. 14.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SONY. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer cut their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Finally, TD Cowen lowered their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Price Performance

NYSE:SONY opened at $20.83 on Monday. The firm has a market capitalization of $125.94 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 13.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock has a fifty day moving average of $20.68 and a 200 day moving average of $13.30. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71.

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.