Sony Group Co. (NYSE:SONY) Shares Bought by Forum Financial Management LP

Forum Financial Management LP raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 536.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,250 shares of the company's stock after purchasing an additional 97,130 shares during the period. Forum Financial Management LP's holdings in Sony Group were worth $2,439,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Silicon Valley Capital Partners grew its position in shares of 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 acquiring an additional 927 shares during the period. Capital Analysts LLC increased its position in Sony Group by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after acquiring an additional 936 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Sony Group during the fourth quarter worth about $26,000. Fairscale Capital LLC grew its holdings in shares of Sony Group by 400.0% during 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 during the last quarter. Finally, Accent Capital Management LLC boosted its position in Sony Group by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after buying an additional 1,104 shares during the period. Institutional investors own 14.05% of the company's stock.

Wall Street Analyst Weigh In

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

Sony Group Price Performance

SONY stock traded up $0.31 during trading on Thursday, reaching $26.61. The company's stock had a trading volume of 6,751,819 shares, compared to its average volume of 4,338,096. The company has a market capitalization of $160.90 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 1 year low of $15.67 and a 1 year high of $27.40. 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 company's fifty day moving average is $24.51 and its 200-day moving average is $22.76.

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.