White Knight Strategic Wealth Advisors LLC Buys New Stake in Sony Group Co. (NYSE:SONY)

White Knight Strategic Wealth Advisors LLC purchased a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,820 shares of the company's stock, valued at approximately $948,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd grew its stake in Sony Group by 400.0% during the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after buying an additional 28,852 shares during the last quarter. Bfsg LLC acquired a new position in shares of Sony Group in the 4th quarter worth approximately $6,125,000. Fifth Third Bancorp boosted its holdings in shares of Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after acquiring an additional 119,362 shares in the last quarter. Forum Financial Management LP grew its position in Sony Group by 536.0% during the 4th quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock worth $2,439,000 after acquiring an additional 97,130 shares during the last quarter. Finally, West Family Investments Inc. increased its holdings in Sony Group by 392.9% during 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. Institutional investors own 14.05% of the company's stock.

Sony Group Trading Up 1.5%

Shares of SONY opened at $25.05 on Tuesday. The stock's fifty day simple moving average is $24.35 and its 200-day simple moving average is $22.46. The firm has a market capitalization of $151.49 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 12-month low of $15.67 and a 12-month high of $26.11. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. The Goldman Sachs Group started coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. 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, StockNews.com upgraded shares of Sony Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Sony Group currently has a consensus rating of "Buy" and an average target price of $28.00.

Sony Group 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.

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