Sony Group Co. (NYSE:SONY) Stock Holdings Increased by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in Sony Group Co. (NYSE:SONY) by 2.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,627 shares of the company’s stock after purchasing an additional 2,824 shares during the quarter. New York State Common Retirement Fund’s holdings in Sony Group were worth $12,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. raised its position in Sony Group by 76.5% during the first quarter. BlackRock Inc. now owns 2,649,244 shares of the company’s stock valued at $240,154,000 after acquiring an additional 1,148,165 shares in the last quarter. Bank of America Corp DE raised its position in Sony Group by 27.2% during the first quarter. Bank of America Corp DE now owns 4,441,241 shares of the company’s stock valued at $402,598,000 after acquiring an additional 949,271 shares in the last quarter. Sculptor Capital LP bought a new position in Sony Group during the first quarter valued at approximately $47,356,000. Avala Global LP bought a new position in Sony Group during the fourth quarter valued at approximately $30,332,000. Finally, Clearbridge Investments LLC raised its position in Sony Group by 21.5% during the first quarter. Clearbridge Investments LLC now owns 1,628,092 shares of the company’s stock valued at $147,586,000 after acquiring an additional 287,640 shares in the last quarter. 8.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SONY. The Goldman Sachs Group raised shares of Sony Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 12th. TheStreet lowered shares of Sony Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 16th. Finally, StockNews.com assumed coverage on shares of Sony Group in a research report on Thursday, August 17th. They issued a “hold” rating on the stock.

Sony Group Trading Down 1.1 %

NYSE:SONY opened at $84.45 on Thursday. Sony Group Co. has a 12 month low of $61.72 and a 12 month high of $100.94. The firm has a market cap of $104.21 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 3.55 and a beta of 1.04. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $87.81 and its 200-day moving average is $90.37.

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.