Advisory Resource Group Grows Position in Sony Group Co. (NYSE:SONY)

Advisory Resource Group raised its position in Sony Group Co. (NYSE:SONY) by 361.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,057 shares of the company’s stock after purchasing an additional 39,216 shares during the quarter. Advisory Resource Group’s holdings in Sony Group were worth $1,059,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Wedmont Private Capital raised its holdings in shares of Sony Group by 12.9% during the 3rd quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock valued at $265,000 after buying an additional 316 shares during the period. Fiduciary Trust Co raised its holdings in shares of Sony Group by 13.4% during the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock valued at $479,000 after buying an additional 585 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Sony Group by 14.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after buying an additional 599 shares during the period. Mitchell & Pahl Private Wealth LLC increased its holdings in Sony Group by 8.9% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,611 shares of the company’s stock worth $735,000 after purchasing an additional 619 shares during the last quarter. Finally, West Family Investments Inc. increased its holdings in Sony Group by 13.0% during the 3rd quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock worth $524,000 after purchasing an additional 623 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SONY has been the topic of several analyst reports. Sanford C. Bernstein initiated coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer dropped their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Price Performance

Shares of SONY opened at $22.57 on Friday. The firm has a market cap of $136.47 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 11.46 and a beta of 0.96. The stock has a 50 day moving average of $21.25 and a 200-day moving average of $14.53. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $23.05.

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.