Sony Group Co. (NYSE:SONY) Shares Purchased by SOL Capital Management CO

SOL Capital Management CO raised its position in Sony Group Co. (NYSE:SONY) by 366.6% during the 4th quarter, Holdings Channel reports. The firm owned 77,595 shares of the company’s stock after acquiring an additional 60,965 shares during the quarter. SOL Capital Management CO’s holdings in Sony Group were worth $1,642,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SONY. Hexagon Capital Partners LLC grew its holdings in Sony Group by 38.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after buying an additional 233 shares during the last quarter. Wedmont Private Capital boosted its stake 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 during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Sony Group by 2.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company’s stock worth $1,660,000 after purchasing an additional 549 shares in the last quarter. Fiduciary Trust Co raised its stake in Sony Group by 13.4% in the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock valued at $479,000 after purchasing an additional 585 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Sony Group by 14.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after purchasing an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. TD Cowen lowered 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. Oppenheimer lowered 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. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein initiated coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Price Performance

Sony Group stock opened at $22.00 on Friday. Sony Group Co. has a 1 year low of $15.02 and a 1 year 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 firm has a 50 day moving average price of $20.96 and a 200 day moving average price of $13.80. The company has a market cap of $133.02 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 11.02 and a beta of 0.95.

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.