Two Sigma Investments LP Raises Stock Holdings in Sony Group Co. (NYSE:SONY)

Two Sigma Investments LP grew its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 494.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,982 shares of the company's stock after purchasing an additional 102,282 shares during the quarter. Two Sigma Investments LP's holdings in Sony Group were worth $2,602,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Silicon Valley Capital Partners boosted its stake in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after purchasing an additional 927 shares in the last quarter. Capital Analysts LLC lifted its stake in shares of Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after acquiring an additional 936 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Sony Group in the fourth quarter worth approximately $26,000. Fairscale Capital LLC lifted its stake in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after acquiring an additional 992 shares during the period. Finally, Accent Capital Management LLC lifted its stake in shares of Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after acquiring an additional 1,104 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Price Performance

Shares of SONY traded up $0.51 during trading hours on Monday, reaching $26.89. 6,198,057 shares of the company's stock traded hands, compared to its average volume of 5,605,798. The stock has a market cap of $162.63 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. 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 firm's 50 day simple moving average is $24.56 and its 200-day simple moving average is $22.93. Sony Group Co. has a 12 month low of $15.86 and a 12 month high of $26.94.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Oppenheimer reiterated 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. Finally, The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.00.

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.