Twelve Points Wealth Management LLC Boosts Stock Position in Sony Group Co. (NYSE:SONY)

Twelve Points Wealth Management LLC lifted its position in Sony Group Co. (NYSE:SONY) by 383.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,745 shares of the company’s stock after purchasing an additional 18,833 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Sony Group were worth $502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cardinal Capital Management Inc. grew its holdings in Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after acquiring an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of Sony Group during the 3rd quarter worth approximately $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 purchasing an additional 972,075 shares during the period. Crossmark Global Holdings Inc. increased its holdings 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 valued at $11,194,000 after purchasing an additional 425,515 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of 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 purchasing an additional 279,124 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of NYSE:SONY opened at $21.80 on Wednesday. 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 1 year low of $15.02 and a 1 year high of $22.71. The firm has a market capitalization of $131.81 billion, a PE ratio of 17.84, a P/E/G ratio of 13.02 and a beta of 0.95. The business’s 50 day moving average price is $20.77 and its 200-day moving average price is $13.55.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer reduced their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. TD Cowen dropped their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One research 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 stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $24.00.

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.