Live Oak Private Wealth LLC Boosts Position in Sony Group Co. (NYSE:SONY)

Live Oak Private Wealth LLC increased its position in Sony Group Co. (NYSE:SONY) by 389.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 402,744 shares of the company’s stock after acquiring an additional 320,485 shares during the quarter. Sony Group comprises about 1.4% of Live Oak Private Wealth LLC’s holdings, making the stock its 23rd biggest holding. Live Oak Private Wealth LLC’s holdings in Sony Group were worth $8,522,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd boosted its position in shares of Sony Group by 400.0% during the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after acquiring an additional 28,852 shares during the last quarter. Pictet North America Advisors SA raised its stake in Sony Group by 19.4% in the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock valued at $23,561,000 after purchasing an additional 39,688 shares in the last quarter. Fifth Third Bancorp lifted its position in Sony Group by 311.3% during the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock valued at $3,337,000 after purchasing an additional 119,362 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its stake in Sony Group by 430.0% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after buying an additional 32,725 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Sony Group by 39.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock worth $9,993,000 after buying an additional 29,165 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Oppenheimer cut their target price 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 cut their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Sony Group has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Up 0.4 %

SONY opened at $23.02 on Friday. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $23.05. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $21.20 and its 200-day moving average price is $14.32. The company has a market cap of $139.19 billion, a P/E ratio of 18.83, a P/E/G ratio of 10.96 and a beta of 0.96.

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.