Cardinal Capital Management Inc. Raises Holdings in Sony Group Co. (NYSE:SONY)

Cardinal Capital Management Inc. raised its position in shares of Sony Group Co. (NYSE:SONY) by 403.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,606,160 shares of the company’s stock after acquiring an additional 1,287,259 shares during the period. Sony Group makes up 1.2% of Cardinal Capital Management Inc.’s portfolio, making the stock its 28th biggest position. Cardinal Capital Management Inc.’s holdings in Sony Group were worth $33,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SONY. Mediolanum International Funds Ltd purchased a new position in Sony Group in the 3rd quarter valued at about $109,462,000. Fisher Asset Management LLC raised its position in shares of Sony Group by 12.7% in 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. Marshall Wace LLP boosted its stake in shares of Sony Group by 8,495.0% during the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after buying an additional 838,543 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Sony Group by 411.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company’s stock worth $11,194,000 after buying an additional 425,515 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Sony Group by 515.7% during the 4th quarter. Park Avenue Securities LLC now owns 333,245 shares of the company’s stock worth $7,051,000 after acquiring an additional 279,124 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on SONY shares. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Oppenheimer lowered 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 report on Tuesday, November 12th. TD Cowen dropped their price target 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. Finally, Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Performance

SONY opened at $20.92 on Thursday. The business has a 50 day moving average price of $20.57 and a two-hundred day moving average price of $12.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market capitalization of $126.49 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 13.01 and a beta of 0.95. Sony Group Co. has a 1-year low of $15.02 and a 1-year 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.