Wilmington Savings Fund Society FSB Takes $287,000 Position in Sony Group Co. (NYSE:SONY)

Wilmington Savings Fund Society FSB purchased a new position in shares of Sony Group Co. (NYSE:SONY) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,972 shares of the company’s stock, valued at approximately $287,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. American National Bank lifted its position in Sony Group by 11.3% during the 2nd quarter. American National Bank now owns 1,172 shares of the company’s stock worth $100,000 after buying an additional 119 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Sony Group by 1.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock valued at $735,000 after acquiring an additional 124 shares during the last quarter. Belpointe Asset Management LLC increased its stake in shares of Sony Group by 1.4% in the 2nd quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock valued at $787,000 after acquiring an additional 128 shares during the last quarter. Wealth Alliance increased its stake in shares of Sony Group by 1.2% in the 2nd quarter. Wealth Alliance now owns 11,977 shares of the company’s stock valued at $1,017,000 after acquiring an additional 141 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in shares of Sony Group by 1.8% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 8,346 shares of the company’s stock valued at $709,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SONY. TD Cowen lowered their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Oppenheimer lowered their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Daiwa America raised Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $24.00.

Sony Group Price Performance

NYSE SONY opened at $21.73 on Wednesday. The business has a 50 day simple moving average of $19.25 and a 200 day simple moving average of $9.85. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71. 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 stock has a market cap of $131.42 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 13.74 and a beta of 0.98.

About Sony Group

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.