Parr Mcknight Wealth Management Group LLC Purchases Shares of 25,683 Sony Group Co. (NYSE:SONY)

Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Sony Group Co. (NYSE:SONY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,683 shares of the company's stock, valued at approximately $543,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Primecap Management Co. CA increased its stake in Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after acquiring an additional 80,724,932 shares during the last quarter. Aristotle Capital Management LLC boosted its holdings in Sony Group by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock valued at $1,116,653,000 after acquiring an additional 42,083,842 shares during the period. Fisher Asset Management LLC boosted its holdings in Sony Group by 425.9% during the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after acquiring an additional 36,783,737 shares during the period. Bank of America Corp DE boosted its holdings in Sony Group by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after acquiring an additional 18,821,902 shares during the period. Finally, Fiduciary Management Inc. WI boosted its holdings in Sony Group by 377.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock valued at $218,382,000 after acquiring an additional 8,157,776 shares during the period. Institutional investors own 14.05% of the company's stock.

Analysts Set New Price Targets

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

Sony Group Stock Up 1.1%

Shares of SONY traded up $0.30 during trading hours on Thursday, hitting $26.60. The company had a trading volume of 4,902,341 shares, compared to its average volume of 4,331,159. The company's fifty day moving average price is $24.51 and its two-hundred day moving average price is $22.76. Sony Group Co. has a one year low of $15.67 and a one year high of $27.40. The company has a market capitalization of $160.84 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. 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 Company 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.