Sony Group Co. (NYSE:SONY) Stock Position Increased by One Wealth Advisors LLC

One Wealth Advisors LLC boosted its position in shares of Sony Group Co. (NYSE:SONY) by 400.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,475 shares of the company’s stock after buying an additional 27,593 shares during the quarter. One Wealth Advisors LLC’s holdings in Sony Group were worth $729,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cardinal Capital Management Inc. boosted its position in shares of Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after purchasing an additional 1,287,259 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in Sony Group during the third quarter worth approximately $109,462,000. Fisher Asset Management LLC grew its position in Sony Group by 12.7% in the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after buying an additional 972,075 shares during the last quarter. Manning & Napier Advisors LLC increased its holdings in shares of Sony Group by 356.8% in the fourth quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock valued at $20,500,000 after buying an additional 756,705 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Sony Group by 411.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company’s stock valued at $11,194,000 after acquiring an additional 425,515 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Down 1.4 %

Shares of Sony Group stock opened at $22.00 on Monday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71. The company has a market cap of $133.02 billion, a P/E ratio of 18.00, a P/E/G ratio of 10.96 and a beta of 0.96. 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 has a 50-day moving average price of $20.96 and a 200 day moving average price of $13.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen cut their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, Oppenheimer dropped their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group 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.