Silvercrest Asset Management Group LLC Buys 382,955 Shares of Sony Group Co. (NYSE:SONY)

Silvercrest Asset Management Group LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 379.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 483,917 shares of the company's stock after purchasing an additional 382,955 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Sony Group were worth $10,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. FCA Corp TX boosted its stake in Sony Group by 22.5% during the 4th quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after purchasing an additional 900 shares during the period. Silicon Valley Capital Partners lifted its holdings in shares of Sony Group by 401.3% during the fourth 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 boosted its position in Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after buying an additional 936 shares in the last quarter. Fairscale Capital LLC increased its holdings in 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 in the last quarter. Finally, Accent Capital Management LLC raised its holdings 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 buying an additional 1,104 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SONY. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. StockNews.com raised shares of Sony Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Oppenheimer restated an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Sony Group has an average rating of "Buy" and an average target price of $28.00.

Sony Group Stock Down 3.4%

Shares of NYSE:SONY traded down $0.89 during mid-day trading on Wednesday, reaching $24.91. 5,082,687 shares of the stock were exchanged, compared to its average volume of 4,278,605. Sony Group Co. has a one year low of $15.67 and a one year high of $26.08. 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's 50 day simple moving average is $24.40 and its 200-day simple moving average is $22.49. The company has a market cap of $150.65 billion, a P/E ratio of 20.22, a P/E/G ratio of 9.95 and a beta of 0.97.

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.