Strategic Global Advisors LLC Raises Stock Position in Sony Group Co. (NYSE:SONY)

Strategic Global Advisors LLC raised its stake in Sony Group Co. (NYSE:SONY - Free Report) by 89.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,001 shares of the company's stock after buying an additional 18,861 shares during the period. Strategic Global Advisors LLC's holdings in Sony Group were worth $846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd boosted its position in Sony Group by 400.0% in the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after buying an additional 28,852 shares during the period. Bfsg LLC purchased a new stake in Sony Group in the 4th quarter valued at about $6,125,000. Fifth Third Bancorp boosted its position in Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock valued at $3,337,000 after buying an additional 119,362 shares during the period. Forum Financial Management LP boosted its position in Sony Group by 536.0% in the 4th quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock valued at $2,439,000 after buying an additional 97,130 shares during the period. Finally, West Family Investments Inc. raised its holdings in shares of Sony Group by 392.9% in the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after purchasing an additional 21,303 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SONY. StockNews.com raised shares of Sony Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. 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. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $28.00.

Sony Group Price Performance

SONY traded down $0.89 during midday trading on Wednesday, hitting $24.91. 5,082,687 shares of the company traded hands, compared to its average volume of 4,278,605. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $150.65 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 52-week low of $15.67 and a 52-week high of $26.08. The business has a 50 day simple moving average of $24.40 and a two-hundred day simple moving average of $22.49.

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.