44,820 Shares in Sony Group Co. (NYSE:SONY) Bought by White Knight Strategic Wealth Advisors LLC

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

Other hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd boosted its stake in shares of 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 acquired a new stake in Sony Group in the fourth quarter valued at approximately $6,125,000. Fifth Third Bancorp lifted its stake in Sony Group by 311.3% in the fourth 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 during the last quarter. Forum Financial Management LP grew its holdings 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 in the last quarter. Finally, West Family Investments Inc. increased its position 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 during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Trading Up 0.8%

Shares of SONY stock traded up $0.21 on Friday, reaching $25.54. 6,527,457 shares of the stock were exchanged, compared to its average volume of 4,302,612. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 1-year low of $15.67 and a 1-year high of $26.08. The stock 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. The firm has a 50 day moving average of $24.45 and a two-hundred day moving average of $22.64.

Wall Street Analyst Weigh In

SONY has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating for the company. Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Wall Street Zen downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.