Snowden Capital Advisors LLC Raises Stake in Sony Group Co. (NYSE:SONY)

Snowden Capital Advisors LLC grew its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 433.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,458 shares of the company's stock after buying an additional 48,311 shares during the period. Snowden Capital Advisors LLC's holdings in Sony Group were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Primecap Management Co. CA increased its position in Sony Group by 379.5% in the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after purchasing an additional 80,724,932 shares during the last quarter. Aristotle Capital Management LLC increased 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 last quarter. Fisher Asset Management LLC increased 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 last quarter. Bank of America Corp DE increased its position in Sony Group by 377.7% in the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock worth $503,713,000 after purchasing an additional 18,821,902 shares during the last quarter. Finally, Fiduciary Management Inc. WI increased its position in Sony Group by 377.2% in the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock worth $218,382,000 after purchasing an additional 8,157,776 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on SONY shares. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating for the company. Finally, Wall Street Zen lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sony Group currently has a consensus rating of "Moderate Buy" and an average target price of $28.00.

Sony Group Trading Up 0.8%

Shares of SONY traded up $0.21 during trading hours on Friday, reaching $25.54. 6,527,457 shares of the company traded hands, compared to its average volume of 4,302,612. The firm has a market cap of $154.46 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 12-month low of $15.67 and a 12-month high of $26.08. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock's fifty day moving average price is $24.45 and its 200 day moving average price is $22.64.

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.