Sei Investments Co. Acquires 2,459 Shares of Sony Group Co. (NYSE:SONY)

Sei Investments Co. lifted its holdings in shares of Sony Group Co. (NYSE:SONYFree Report) by 0.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 526,865 shares of the company’s stock after purchasing an additional 2,459 shares during the period. Sei Investments Co.’s holdings in Sony Group were worth $43,419,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SONY. Fisher Asset Management LLC grew its holdings in shares of Sony Group by 5.6% during the second quarter. Fisher Asset Management LLC now owns 5,595,382 shares of the company’s stock worth $503,808,000 after buying an additional 295,054 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Sony Group by 27.2% during the 1st quarter. Bank of America Corp DE now owns 4,441,241 shares of the company’s stock worth $402,598,000 after acquiring an additional 949,271 shares during the period. Morgan Stanley boosted its stake in shares of Sony Group by 6.9% during the 4th quarter. Morgan Stanley now owns 4,059,644 shares of the company’s stock worth $309,670,000 after acquiring an additional 263,316 shares during the period. BlackRock Inc. boosted its stake in shares of Sony Group by 32.8% during the 2nd quarter. BlackRock Inc. now owns 3,519,201 shares of the company’s stock worth $316,869,000 after acquiring an additional 869,957 shares during the period. Finally, AGF Management Ltd. boosted its stake in shares of Sony Group by 14.2% during the 2nd quarter. AGF Management Ltd. now owns 2,224,558 shares of the company’s stock worth $200,299,000 after acquiring an additional 276,089 shares during the period. Institutional investors own 8.02% of the company’s stock.

Sony Group Price Performance

Shares of NYSE SONY opened at $86.90 on Friday. The firm has a market cap of $107.25 billion, a price-to-earnings ratio of 16.78 and a beta of 0.98. The stock has a fifty day simple moving average of $93.42 and a two-hundred day simple moving average of $88.43. Sony Group Co. has a 1-year low of $79.62 and a 1-year high of $100.94. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25.

Wall Street Analyst Weigh In

SONY has been the subject of several analyst reports. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Oppenheimer reiterated an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a research note on Monday, February 26th. Wolfe Research assumed coverage on Sony Group in a research report on Tuesday, December 12th. They set an “outperform” rating on the stock. StockNews.com upgraded Sony Group from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Finally, TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Sony Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Check Out Our Latest Report on Sony Group

Sony Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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