Seed Wealth Management Inc. Increases Stock Position in Sony Group Co. (NYSE:SONY)

Seed Wealth Management Inc. raised its position in Sony Group Co. (NYSE:SONY) by 400.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,075 shares of the company’s stock after acquiring an additional 20,860 shares during the quarter. Seed Wealth Management Inc.’s holdings in Sony Group were worth $552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mediolanum International Funds Ltd bought a new position in Sony Group in the third quarter worth about $109,462,000. Fisher Asset Management LLC raised its position in shares of Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after acquiring an additional 972,075 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Sony Group by 8,495.0% in the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after purchasing an additional 838,543 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Sony Group by 601.1% during the third quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company’s stock valued at $24,850,000 after purchasing an additional 220,628 shares in the last quarter. Finally, Alight Capital Management LP purchased a new stake in Sony Group in the second quarter worth $12,742,000. 14.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SONY has been the subject of several recent research reports. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Oppenheimer cut their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, TD Cowen decreased their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Sony Group presently has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Price Performance

Shares of NYSE:SONY opened at $20.23 on Tuesday. The business has a fifty day moving average price of $20.31 and a 200-day moving average price of $12.22. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market capitalization of $122.34 billion, a PE ratio of 16.55, a PEG ratio of 13.74 and a beta of 0.95. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71.

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.