Whitaker Myers Wealth Managers LTD. Takes $307,000 Position in Sony Group Co. (NYSE:SONY)

Whitaker Myers Wealth Managers LTD. bought a new stake in Sony Group Co. (NYSE:SONY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,488 shares of the company’s stock, valued at approximately $307,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after acquiring an additional 972,075 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in Sony Group during the 3rd quarter valued at $109,462,000. Marshall Wace LLP boosted its stake in Sony Group by 8,495.0% during the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after acquiring an additional 838,543 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Sony Group by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock valued at $61,579,000 after acquiring an additional 2,974 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Sony Group by 3.5% during the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock valued at $51,946,000 after acquiring an additional 20,802 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Trading Up 1.5 %

NYSE SONY opened at $20.64 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 50-day simple moving average of $20.45 and a 200-day simple moving average of $12.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a market capitalization of $124.79 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95.

Wall Street Analyst Weigh In

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