RMR Wealth Builders Buys 8,333 Shares of Sony Group Co. (NYSE:SONY)

RMR Wealth Builders grew its position in Sony Group Co. (NYSE:SONY) by 401.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,408 shares of the company’s stock after purchasing an additional 8,333 shares during the quarter. RMR Wealth Builders’ holdings in Sony Group were worth $220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Private Advisor Group LLC lifted its position in Sony Group by 8.1% during the 2nd quarter. Private Advisor Group LLC now owns 5,932 shares of the company’s stock worth $504,000 after acquiring an additional 446 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Sony Group by 7.9% in the second quarter. American Century Companies Inc. now owns 255,375 shares of the company’s stock worth $21,694,000 after purchasing an additional 18,597 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Sony Group during the 2nd quarter worth about $10,347,000. Wealth Alliance boosted its stake in Sony Group by 1.2% during the 2nd quarter. Wealth Alliance now owns 11,977 shares of the company’s stock valued at $1,017,000 after purchasing an additional 141 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Sony Group by 18.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,032 shares of the company’s stock valued at $3,061,000 after purchasing an additional 5,649 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Sony Group Stock Performance

Shares of NYSE SONY opened at $20.36 on Friday. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. 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 business has a fifty day simple moving average of $20.39 and a 200 day simple moving average of $12.39. The firm has a market capitalization of $123.10 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 12.41 and a beta of 0.95.

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.