Boston Common Asset Management LLC Acquires 97,428 Shares of Sony Group Co. (NYSE:SONY)

Boston Common Asset Management LLC increased its position in Sony Group Co. (NYSE:SONY - Free Report) by 42.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 326,389 shares of the company's stock after purchasing an additional 97,428 shares during the period. Boston Common Asset Management LLC's holdings in Sony Group were worth $8,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in Sony Group by 427.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 101,311 shares of the company's stock worth $2,144,000 after purchasing an additional 82,097 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Sony Group by 693.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 55,186 shares of the company's stock worth $1,168,000 after acquiring an additional 48,227 shares in the last quarter. Integrated Advisors Network LLC boosted its holdings in Sony Group by 364.1% in the fourth quarter. Integrated Advisors Network LLC now owns 22,432 shares of the company's stock worth $475,000 after acquiring an additional 17,599 shares in the last quarter. Challenger Wealth Management bought a new stake in Sony Group in the fourth quarter worth $286,000. Finally, Mackenzie Financial Corp bought a new stake in Sony Group in the fourth quarter worth $7,800,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SONY. The Goldman Sachs Group began coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Wall Street Zen downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Sony Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Stock Performance

Shares of NYSE:SONY traded down $0.25 during midday trading on Friday, reaching $26.37. 6,792,762 shares of the company's stock traded hands, compared to its average volume of 4,361,487. The company has a market cap of $159.48 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 9.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a one year low of $15.86 and a one year high of $26.95. The stock has a 50 day moving average of $24.56 and a 200 day moving average of $22.87.

About Sony Group

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.