Waverly Advisors LLC Grows Stock Position in Sony Group Co. (NYSE:SONY)

Waverly Advisors LLC boosted its stake in Sony Group Co. (NYSE:SONY - Free Report) by 495.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,654 shares of the company's stock after purchasing an additional 157,807 shares during the quarter. Waverly Advisors LLC's holdings in Sony Group were worth $4,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FCA Corp TX raised its stake in Sony Group by 22.5% in the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after purchasing an additional 900 shares in the last quarter. Silicon Valley Capital Partners raised its stake in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after purchasing an additional 927 shares in the last quarter. Capital Analysts LLC raised its stake 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 purchasing an additional 936 shares in the last quarter. Fairscale Capital LLC raised its stake in Sony Group by 400.0% in 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 in the last quarter. Finally, Accent Capital Management LLC raised its stake in shares of 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 acquiring an additional 1,104 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Up 0.8%

Shares of NYSE SONY traded up $0.21 during mid-day trading on Friday, hitting $25.54. The stock had a trading volume of 6,527,457 shares, compared to its average volume of 4,302,612. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 1 year low of $15.67 and a 1 year high of $26.08. The business has a 50 day moving average price of $24.45 and a two-hundred day moving average price of $22.64. The firm has a market cap of $154.46 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97.

Wall Street Analysts Forecast Growth

Several research firms have commented on SONY. Wall Street Zen downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Thursday. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Oppenheimer reissued an "outperform" rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group assumed coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating on the stock. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Sony Group presently has a consensus rating of "Moderate Buy" and an average target price of $28.00.

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.