Parr Mcknight Wealth Management Group LLC Takes $543,000 Position in Sony Group Co. (NYSE:SONY)

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vise Technologies Inc. grew its holdings in Sony Group by 673.4% during the fourth quarter. Vise Technologies Inc. now owns 108,899 shares of the company's stock worth $2,304,000 after acquiring an additional 94,818 shares during the period. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Sony Group in the fourth quarter worth approximately $224,000. Kolinsky Wealth Management LLC boosted its stake in Sony Group by 413.3% during the fourth quarter. Kolinsky Wealth Management LLC now owns 10,939 shares of the company's stock worth $231,000 after buying an additional 8,808 shares during the last quarter. White Knight Strategic Wealth Advisors LLC acquired a new position in Sony Group during the fourth quarter worth $948,000. Finally, Waverly Advisors LLC boosted its stake in Sony Group by 495.5% during the fourth quarter. Waverly Advisors LLC now owns 189,654 shares of the company's stock worth $4,013,000 after buying an additional 157,807 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

SONY stock traded up $1.01 during midday trading on Tuesday, reaching $26.54. The company had a trading volume of 6,985,507 shares, compared to its average volume of 4,313,372. 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 stock has a 50 day moving average price of $24.46 and a 200 day moving average price of $22.71. The firm has a market capitalization of $160.51 billion, a PE ratio of 21.54, a P/E/G ratio of 9.95 and a beta of 0.97. Sony Group Co. has a fifty-two week low of $15.67 and a fifty-two week high of $26.84.

Analyst Ratings Changes

Several research firms recently issued reports on SONY. The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, Wall Street Zen downgraded 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sony Group has an average rating of "Moderate Buy" and an average target price 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.