Heritage Family Offices LLP Sells 10,839 Shares of Sony Group Co. (NYSE:SONY)

Heritage Family Offices LLP trimmed its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 22.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,771 shares of the company's stock after selling 10,839 shares during the period. Heritage Family Offices LLP's holdings in Sony Group were worth $959,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. FCA Corp TX boosted its holdings in Sony Group by 22.5% in the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after purchasing an additional 900 shares in the last quarter. Silicon Valley Capital Partners increased its holdings in shares of Sony Group by 401.3% during the 4th 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 last quarter. Capital Analysts LLC raised its stake in shares of Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after acquiring an additional 936 shares in the last quarter. Fairscale Capital LLC lifted its holdings in Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC boosted its position in Sony Group by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after purchasing an additional 1,104 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SONY shares. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Wall Street Zen downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group began coverage on Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Sony Group Stock Performance

Shares of NYSE:SONY traded down $0.09 during trading on Wednesday, hitting $26.68. 3,288,666 shares of the stock were exchanged, compared to its average volume of 4,364,332. The company's fifty day simple moving average is $24.61 and its 200-day simple moving average is $23.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company has a market capitalization of $161.35 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 1-year low of $15.86 and a 1-year high of $26.95.

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.