NorthRock Partners LLC Purchases Shares of 12,861 Sony Group Co. (NYSE:SONY)

NorthRock Partners LLC acquired a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,861 shares of the company's stock, valued at approximately $272,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Primecap Management Co. CA lifted its stake in shares of Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after acquiring an additional 80,724,932 shares during the period. Aristotle Capital Management LLC lifted its position in Sony Group by 393.7% in the fourth quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after purchasing an additional 42,083,842 shares during the period. Fisher Asset Management LLC lifted its position in Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after purchasing an additional 36,783,737 shares during the period. Bank of America Corp DE boosted its stake in Sony Group by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after purchasing an additional 18,821,902 shares in the last quarter. Finally, Fiduciary Management Inc. WI increased its position in shares of Sony Group by 377.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock valued at $218,382,000 after purchasing an additional 8,157,776 shares during the period. Institutional investors own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

SONY has been the subject of several recent research reports. Oppenheimer reissued an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. The Goldman Sachs Group initiated coverage on Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Finally, StockNews.com raised shares of Sony Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $28.00.

Sony Group Stock Down 3.4%

Shares of NYSE SONY traded down $0.89 during mid-day trading on Wednesday, reaching $24.91. 5,082,687 shares of the company traded hands, compared to its average volume of 4,279,264. The company's fifty day moving average is $24.40 and its two-hundred day moving average is $22.49. 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 fifty-two week low of $15.67 and a fifty-two week high of $26.08. The stock has a market cap of $150.65 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97.

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.