Focus Partners Advisor Solutions LLC Purchases Shares of 10,570 Sony Group Co. (NYSE:SONY)

Focus Partners Advisor Solutions LLC purchased a new position in Sony Group Co. (NYSE:SONY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,570 shares of the company's stock, valued at approximately $224,000.

Other hedge funds also recently added to or reduced their stakes in the company. Kolinsky Wealth Management LLC lifted its stake in shares of Sony Group by 413.3% in the 4th quarter. Kolinsky Wealth Management LLC now owns 10,939 shares of the company's stock worth $231,000 after acquiring an additional 8,808 shares during the period. White Knight Strategic Wealth Advisors LLC bought a new position in shares of Sony Group during the 4th quarter valued at about $948,000. Waverly Advisors LLC grew its stake in Sony Group by 495.5% during the 4th quarter. Waverly Advisors LLC now owns 189,654 shares of the company's stock valued at $4,013,000 after acquiring an additional 157,807 shares in the last quarter. Williams Jones Wealth Management LLC. increased its holdings in shares of Sony Group by 397.6% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 31,205 shares of the company's stock valued at $660,000 after acquiring an additional 24,934 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in shares of Sony Group by 509.2% in the fourth quarter. Vident Advisory LLC now owns 93,048 shares of the company's stock valued at $1,969,000 after purchasing an additional 77,775 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Stock Down 0.9%

Shares of NYSE SONY traded down $0.23 during midday trading on Wednesday, reaching $26.33. 6,130,440 shares of the company's stock traded hands, compared to its average volume of 4,327,122. The company has a market cap of $159.23 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 9.95 and a beta of 0.97. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a one year low of $15.67 and a one year high of $26.82. The stock's 50 day simple moving average is $24.49 and its 200-day simple moving average is $22.74.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Wall Street Zen downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Finally, Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. 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. Based on data from MarketBeat.com, Sony Group presently has a consensus 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.