Waldron Private Wealth LLC Raises Stake in Sony Group Co. (NYSE:SONY)

Waldron Private Wealth LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 399.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,700 shares of the company’s stock after acquiring an additional 78,937 shares during the period. Waldron Private Wealth LLC’s holdings in Sony Group were worth $2,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pictet North America Advisors SA grew its position in Sony Group by 19.4% during the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after purchasing an additional 39,688 shares during the period. Fifth Third Bancorp lifted its holdings in Sony Group by 311.3% in the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock valued at $3,337,000 after acquiring an additional 119,362 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its position in Sony Group by 430.0% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after purchasing an additional 32,725 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Sony Group by 39.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock worth $9,993,000 after purchasing an additional 29,165 shares during the period. Finally, Blue Square Asset Management LLC lifted its stake in shares of Sony Group by 416.0% in the 4th quarter. Blue Square Asset Management LLC now owns 145,614 shares of the company’s stock valued at $3,081,000 after purchasing an additional 117,392 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Down 1.4 %

Shares of NYSE SONY opened at $22.00 on Friday. Sony Group Co. has a 12-month low of $15.02 and a 12-month 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 stock has a market cap of $133.02 billion, a PE ratio of 18.00, a P/E/G ratio of 11.02 and a beta of 0.95. The company has a 50-day moving average of $20.96 and a 200 day moving average of $13.80.

Wall Street Analyst Weigh In

SONY has been the subject of a number of recent analyst reports. Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. TD Cowen lowered their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Oppenheimer cut their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $24.00.

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.