Eagle Bay Advisors LLC Grows Stock Holdings in Sony Group Co. (NYSE:SONY)

Eagle Bay Advisors LLC raised its position in shares of Sony Group Co. (NYSE:SONY) by 410.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,300 shares of the company’s stock after buying an additional 5,871 shares during the period. Eagle Bay Advisors LLC’s holdings in Sony Group were worth $154,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC boosted its holdings in Sony Group by 12.7% in the third 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 during the period. Mediolanum International Funds Ltd purchased a new position in Sony Group in the third quarter valued at $109,462,000. Marshall Wace LLP boosted its holdings in Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after purchasing an additional 838,543 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Sony Group by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock valued at $61,579,000 after purchasing an additional 2,974 shares during the period. Finally, Sei Investments Co. boosted its holdings in Sony Group by 3.5% in the second quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock valued at $51,946,000 after purchasing an additional 20,802 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Down 1.0 %

NYSE SONY traded down $0.21 during trading on Monday, reaching $20.14. 956,317 shares of the company’s stock were exchanged, compared to its average volume of 2,863,490. The stock has a market cap of $121.80 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company has a 50 day moving average price of $20.26 and a two-hundred day moving average price of $12.10. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SONY shares. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. TD Cowen decreased their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Oppenheimer decreased 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. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.