Mill Creek Capital Advisors LLC Acquires 79,386 Shares of Sony Group Co. (NYSE:SONY)

Mill Creek Capital Advisors LLC increased its holdings in shares of Sony Group Co. (NYSE:SONY) by 399.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 99,280 shares of the company’s stock after purchasing an additional 79,386 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Sony Group were worth $2,101,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC boosted its holdings in shares of Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after acquiring an additional 972,075 shares during the period. Cardinal Capital Management Inc. boosted its holdings in shares of 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 bought a new stake in shares of Sony Group during the third quarter worth approximately $109,462,000. Manning & Napier Advisors LLC boosted its holdings in shares of Sony Group by 356.8% during the fourth quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock worth $20,500,000 after acquiring an additional 756,705 shares during the period. Finally, XY Capital Ltd boosted its holdings in shares of Sony Group by 1,850.5% during the fourth quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock worth $19,478,000 after acquiring an additional 873,339 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of Sony Group stock opened at $22.41 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $23.05. The stock has a market cap of $135.50 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 11.46 and a beta of 0.96. The company’s fifty day moving average is $21.30 and its 200 day moving average is $14.74.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Oppenheimer dropped their price target 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. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.