Williams Jones Wealth Management LLC. Acquires 24,934 Shares of Sony Group Co. (NYSE:SONY)

Williams Jones Wealth Management LLC. increased its stake in Sony Group Co. (NYSE:SONY - Free Report) by 397.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,205 shares of the company's stock after purchasing an additional 24,934 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in Sony Group were worth $660,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Silicon Valley Capital Partners grew its position in Sony Group by 401.3% during 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 in the last quarter. Capital Analysts LLC grew its position in 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 buying an additional 936 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Sony Group during the fourth quarter worth about $26,000. Fairscale Capital LLC grew its position in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after buying an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC boosted its holdings 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 worth $29,000 after purchasing an additional 1,104 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SONY shares. Oppenheimer reiterated an "outperform" rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They issued 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. Finally, Wall Street Zen lowered Sony Group from a "buy" rating to a "hold" rating in a research report on Thursday. Two research 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 stock. According to MarketBeat.com, Sony Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Sony Group Trading Up 0.8%

SONY traded up $0.21 on Friday, hitting $25.54. 6,527,457 shares of the company were exchanged, compared to its average volume of 4,302,612. The firm has a fifty day simple moving average of $24.45 and a two-hundred day simple moving average of $22.64. 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 12 month low of $15.67 and a 12 month high of $26.08. The stock has a market capitalization of $154.46 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97.

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.