BTC Capital Management Inc. Has $2.23 Million Position in Sony Group Co. (NYSE:SONY)

BTC Capital Management Inc. increased its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 45.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,867 shares of the company's stock after purchasing an additional 27,482 shares during the quarter. BTC Capital Management Inc.'s holdings in Sony Group were worth $2,231,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. FCA Corp TX grew its position in Sony Group by 22.5% during the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after buying an additional 900 shares during the period. Silicon Valley Capital Partners increased its stake in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after purchasing an additional 927 shares in the last quarter. Capital Analysts LLC increased its stake in Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after purchasing an additional 936 shares in the last quarter. Fairscale Capital LLC increased its stake in Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after purchasing an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC increased its stake in Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Performance

Shares of NYSE:SONY traded up $0.51 during trading on Monday, hitting $26.89. 6,198,507 shares of the company traded hands, compared to its average volume of 4,366,795. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $162.63 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 9.95 and a beta of 0.97. Sony Group Co. has a one year low of $15.86 and a one year high of $26.95. The business's fifty day moving average is $24.56 and its 200-day moving average is $22.93.

Analysts Set New Price Targets

A number of research firms recently commented on SONY. Wall Street Zen cut Sony Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group assumed coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. Oppenheimer restated an "outperform" rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sony Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

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.