Sony Group Co. (NYSE:SONY) Position Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Sony Group Co. (NYSE:SONY) by 155.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,268 shares of the company’s stock after purchasing an additional 1,380 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Sony Group were worth $48,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in Sony Group by 407.6% during the fourth quarter. Lazard Asset Management LLC now owns 604,314 shares of the company’s stock worth $12,787,000 after acquiring an additional 485,260 shares during the period. LMR Partners LLP bought a new position in shares of Sony Group during the 4th quarter valued at about $44,854,000. London Co. of Virginia boosted its position in shares of Sony Group by 400.0% during the 4th quarter. London Co. of Virginia now owns 22,000 shares of the company’s stock valued at $466,000 after purchasing an additional 17,600 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Sony Group by 388.7% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 214,120 shares of the company’s stock worth $4,531,000 after purchasing an additional 170,310 shares during the last quarter. Finally, Lighthouse Investment Partners LLC raised its holdings in shares of Sony Group by 236.4% in the 4th quarter. Lighthouse Investment Partners LLC now owns 269,504 shares of the company’s stock worth $5,703,000 after purchasing an additional 189,394 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Oppenheimer restated an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of Sony Group in a report on Monday, April 7th. Finally, Wall Street Zen cut Sony Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sony Group currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Sony Group Price Performance

Shares of NYSE:SONY opened at $26.89 on Tuesday. The company’s fifty day moving average is $24.59 and its two-hundred day moving average is $22.99. The company has a market cap of $162.63 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 12-month low of $15.86 and a 12-month high of $26.95. 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 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.