Portside Wealth Group LLC Buys 35,859 Shares of Sony Group Co. (NYSE:SONY)

Portside Wealth Group LLC grew its position in Sony Group Co. (NYSE:SONY - Free Report) by 569.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,158 shares of the company's stock after acquiring an additional 35,859 shares during the period. Portside Wealth Group LLC's holdings in Sony Group were worth $1,070,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC lifted its position in Sony Group by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock worth $421,000 after buying an additional 16,094 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Sony Group by 64.1% in the fourth quarter. Blue Trust Inc. now owns 9,293 shares of the company's stock worth $197,000 after acquiring an additional 3,631 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Sony Group by 367.6% during the fourth quarter. DAVENPORT & Co LLC now owns 232,041 shares of the company's stock worth $4,910,000 after purchasing an additional 182,417 shares in the last quarter. Spire Wealth Management grew its stake in shares of Sony Group by 489.2% during the fourth quarter. Spire Wealth Management now owns 5,745 shares of the company's stock valued at $122,000 after purchasing an additional 4,770 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of Sony Group by 892.9% during the fourth quarter. CENTRAL TRUST Co now owns 1,946 shares of the company's stock valued at $41,000 after purchasing an additional 1,750 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Up 1.4%

SONY traded up $0.37 during trading on Friday, reaching $26.70. 2,121,632 shares of the company's stock were exchanged, compared to its average volume of 4,362,439. The company's fifty day moving average price is $24.66 and its 200-day moving average price is $23.09. The firm has a market capitalization of $161.47 billion, a PE ratio of 21.67, a P/E/G ratio of 9.95 and a beta of 0.96. Sony Group Co. has a fifty-two week low of $15.86 and a fifty-two week high of $26.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Analyst Upgrades and Downgrades

SONY has been the subject of several research analyst reports. The Goldman Sachs Group began coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Wall Street Zen lowered Sony Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Finally, Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Two 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $28.00.

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.