Crossmark Global Holdings Inc. Purchases 425,515 Shares of Sony Group Co. (NYSE:SONY)

Crossmark Global Holdings Inc. lifted its holdings in Sony Group Co. (NYSE:SONY) by 411.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 528,988 shares of the company’s stock after acquiring an additional 425,515 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sony Group were worth $11,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SONY. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after purchasing an additional 32,725 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Sony Group by 449.5% during the fourth quarter. Ballentine Partners LLC now owns 73,286 shares of the company’s stock worth $1,551,000 after purchasing an additional 59,949 shares during the period. BigSur Wealth Management LLC lifted its holdings in shares of Sony Group by 400.0% in the 4th quarter. BigSur Wealth Management LLC now owns 25,925 shares of the company’s stock worth $549,000 after purchasing an additional 20,740 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Sony Group by 337.8% in the 4th quarter. UMB Bank n.a. now owns 5,280 shares of the company’s stock worth $112,000 after acquiring an additional 4,074 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its position in shares of Sony Group by 18.2% during the fourth quarter. Diversify Wealth Management LLC now owns 59,594 shares of the company’s stock valued at $1,213,000 after buying an additional 9,195 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SONY. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. TD Cowen decreased their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, 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 research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $24.00.

Sony Group Trading Up 1.5 %

Sony Group stock opened at $20.64 on Tuesday. The stock has a market capitalization of $124.79 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 12.85 and a beta of 0.95. The business’s fifty day moving average is $20.48 and its 200 day moving average is $12.81. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

About Sony Group

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.