CogentBlue Wealth Advisors LLC Invests $308,000 in Sony Group Co. (NYSE:SONY)

CogentBlue Wealth Advisors LLC purchased a new stake in Sony Group Co. (NYSE:SONY - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,116 shares of the company's stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Analysts LLC lifted its position in shares of Sony Group by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after acquiring an additional 936 shares during the period. Fairscale Capital LLC grew its holdings in shares of Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after acquiring an additional 992 shares during the period. 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. City Holding Co. acquired a new position in Sony Group during the first quarter worth $30,000. Finally, Paradigm Asset Management Co. LLC raised its holdings in Sony Group by 400.0% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company's stock worth $32,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Performance

Sony Group stock opened at $25.90 on Friday. Sony Group Co. has a fifty-two week low of $15.86 and a fifty-two week high of $26.95. The company has a market capitalization of $156.64 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 9.95 and a beta of 0.96. The stock has a fifty day moving average of $25.06 and a two-hundred day moving average of $23.41. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Wall Street Analyst Weigh In

SONY has been the topic of several research reports. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Wall Street Zen lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Finally, The Goldman Sachs Group began coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating for the company. Two investment 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.

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