Aristotle Capital Management Reduces $24M in Sony Group Corporation ($SONY)
Key Points
- Aristotle Capital Management changed its Sony Group Corporation ($SONY) stake by 2.6% last quarter, cutting to 43,937,137 shares worth $902.03 million.
- Wall Street's consensus rating on $SONY is Strong Buy and an average price target of $29.38.
- $SONY last traded around $20.53.
Aristotle Capital Management trimmed its position in Sony Group Corporation ($SONY) by 2.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,937,137 shares of Sony Group Corporation after selling 1,153,022 shares during the quarter. Aristotle Capital Management's holdings in Sony Group Corporation were worth $902.03 million as of its most recent filing.
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About Sony Group Corporation
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; hardware and home gaming consoles, packaged and game software, and peripheral devices. It also develops, produces, markets, and distributes recorded music; publishes music; and produces and distributes animation titles, game applications, and various services for music and visual products. In addition, the company produces, acquires, and distributes live-action and animated motion pictures for theatrical release, as well as scripted and animated series, unscripted reality or light entertainment, daytime serials, game shows, television movies, and miniseries and other television programs; operation of television networks and direct-to-consumer streaming services; operates a visual effects and animation unit; and manages a studio facility. Further, the company researches, develops, designs, produces, markets, distributes, sells, and services televisions, and video and sound products; interchangeable lens, as well as compact digital, and consumer and professional video cameras; projectors and medical equipment; mobile phones, accessories, and applications; and metal oxide semiconductor image sensors, integration systems, and other semiconductors. Additionally, it offers internet broadband network services; recording media, and storage media products; and life and non-life insurance, banking, and other services, as well as creates and distributes content for PCs and mobile phones. The company has a strategic partnership with TCL Electronics Holdings Limited. The company was formerly known as Sony Corporation and changed its name to Sony Group Corporation in April 2021. Sony Group Corporation was incorporated in 1946 and is headquartered in Tokyo, Japan.
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