Traveka Wealth LLC Increases Holdings in Sony Group Co. (NYSE:SONY)

Traveka Wealth LLC boosted its holdings in Sony Group Co. (NYSE:SONY) by 430.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,662 shares of the company’s stock after purchasing an additional 11,086 shares during the period. Traveka Wealth LLC’s holdings in Sony Group were worth $289,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SONY. Wealth Alliance boosted its position 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 buying an additional 141 shares during the period. Blair William & Co. IL boosted its position in shares of Sony Group by 4.6% in the 2nd quarter. Blair William & Co. IL now owns 4,803 shares of the company’s stock worth $408,000 after purchasing an additional 212 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after purchasing an additional 233 shares during the last quarter. Wedmont Private Capital increased its position in shares of Sony Group by 12.9% during the third quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock valued at $265,000 after acquiring an additional 316 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Sony Group by 8.1% in the second quarter. Private Advisor Group LLC now owns 5,932 shares of the company’s stock worth $504,000 after purchasing an additional 446 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Trading Down 0.6 %

Shares of NYSE SONY opened at $20.23 on Tuesday. The stock has a market capitalization of $122.34 billion, a P/E ratio of 16.55, a PEG ratio of 13.74 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The business’s 50 day moving average is $20.31 and its two-hundred day moving average is $12.22. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SONY shares. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Oppenheimer dropped their price objective 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. Finally, TD Cowen reduced their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $24.00.

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.