BigSur Wealth Management LLC Purchases 20,740 Shares of Sony Group Co. (NYSE:SONY)

BigSur Wealth Management LLC grew its position in Sony Group Co. (NYSE:SONY - Free Report) by 400.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,925 shares of the company's stock after acquiring an additional 20,740 shares during the quarter. BigSur Wealth Management LLC's holdings in Sony Group were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SONY. Mediolanum International Funds Ltd bought a new position in shares of Sony Group during the 3rd quarter worth approximately $109,462,000. Fisher Asset Management LLC lifted its holdings in shares of Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock valued at $834,013,000 after acquiring an additional 972,075 shares during the period. Marshall Wace LLP boosted its stake in shares of Sony Group by 8,495.0% in the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company's stock valued at $72,073,000 after purchasing an additional 838,543 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Sony Group by 515.7% in the 4th quarter. Park Avenue Securities LLC now owns 333,245 shares of the company's stock worth $7,051,000 after purchasing an additional 279,124 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Sony Group by 601.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company's stock worth $24,850,000 after purchasing an additional 220,628 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Trading Up 1.5 %

Shares of Sony Group stock traded up $0.31 during trading on Monday, hitting $20.64. The company's stock had a trading volume of 2,992,846 shares, compared to its average volume of 2,500,774. The stock has a market cap of $124.79 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. The stock has a 50-day moving average price of $20.48 and a two-hundred day moving average price of $12.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Analysts Set New Price Targets

Several research analysts have issued reports on SONY shares. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday. They set an "outperform" rating on the stock. Oppenheimer lowered their target price on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, TD Cowen dropped their price objective on Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sony Group currently has a consensus rating of "Buy" and an average price target of $24.00.

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.