Sony Group Co. (NYSE:SONY) Stock Holdings Lifted by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 673.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,899 shares of the company's stock after purchasing an additional 94,818 shares during the period. Vise Technologies Inc.'s holdings in Sony Group were worth $2,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Silicon Valley Capital Partners grew its position in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after buying an additional 927 shares during the last quarter. Capital Analysts LLC raised its position in shares of Sony Group by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after purchasing an additional 936 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group during the fourth quarter worth $26,000. Fairscale Capital LLC lifted its holdings in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after purchasing an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC boosted its position in shares of Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Up 1.3%

Shares of SONY stock traded up $0.35 during trading on Thursday, hitting $26.65. 4,488,195 shares of the company were exchanged, compared to its average volume of 4,328,516. The business's 50-day simple moving average is $24.51 and its 200 day simple moving average is $22.76. Sony Group Co. has a twelve month low of $15.67 and a twelve month high of $27.40. The firm has a market capitalization of $161.14 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 9.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating for the company. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Wall Street Zen cut shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Oppenheimer reissued an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus 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.