GAMMA Investing LLC Raises Holdings in Sony Group Co. (NYSE:SONY)

GAMMA Investing LLC boosted its position in Sony Group Co. (NYSE:SONY - Free Report) by 2,995.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 994,755 shares of the company's stock after purchasing an additional 962,617 shares during the period. GAMMA Investing LLC's holdings in Sony Group were worth $25,257,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners increased its position in Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after buying an additional 927 shares during the last quarter. Capital Analysts LLC boosted its holdings in Sony Group by 400.0% during the fourth 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. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group in the fourth quarter valued at approximately $26,000. Fairscale Capital LLC raised its stake in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC raised its stake in shares of Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after acquiring an additional 1,104 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SONY shares. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. The Goldman Sachs Group started coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, Wall Street Zen downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sony Group has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Stock Up 1.4%

Shares of NYSE:SONY traded up $0.37 during mid-day trading on Friday, hitting $26.70. 2,952,342 shares of the company traded hands, compared to its average volume of 4,376,255. The stock has a market cap of $161.47 billion, a P/E ratio of 21.67, a P/E/G ratio of 9.95 and a beta of 0.96. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12-month low of $15.86 and a 12-month high of $26.95. The stock has a 50-day moving average price of $24.69 and a two-hundred day moving average price of $23.20.

Sony Group Profile

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.