Princeton Global Asset Management LLC Has $4.57 Million Holdings in Sony Group Co. (NYSE:SONY)

Princeton Global Asset Management LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 400.0% in the fourth quarter, HoldingsChannel reports. The firm owned 215,967 shares of the company’s stock after acquiring an additional 172,773 shares during the period. Princeton Global Asset Management LLC’s holdings in Sony Group were worth $4,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SONY. Cardinal Capital Management Inc. increased its holdings in Sony Group by 403.7% during the 4th 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 in the last quarter. Mediolanum International Funds Ltd acquired a new stake in Sony Group during the 3rd quarter valued at $109,462,000. Fisher Asset Management LLC increased 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 valued at $834,013,000 after purchasing an additional 972,075 shares in the last quarter. Manning & Napier Advisors LLC increased its holdings in Sony Group by 356.8% during the 4th 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 in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Sony Group by 411.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company’s stock valued at $11,194,000 after purchasing an additional 425,515 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Down 1.4 %

NYSE:SONY opened at $22.00 on Monday. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $22.71. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $133.02 billion, a P/E ratio of 18.00, a P/E/G ratio of 10.96 and a beta of 0.96. The stock’s fifty day simple moving average is $20.96 and its 200-day simple moving average is $13.94.

Wall Street Analyst Weigh In

A number of research analysts have commented on SONY shares. Sanford C. Bernstein started coverage on Sony Group in a research report 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. Oppenheimer decreased 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. Finally, TD Cowen decreased their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sony Group currently has a consensus rating of “Buy” and a consensus target price of $24.00.

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.