BSW Wealth Partners Takes $302,000 Position in Sony Group Co. (NYSE:SONY)

BSW Wealth Partners purchased a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,258 shares of the company's stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SONY. Hexagon Capital Partners LLC raised its position in shares of Sony Group by 38.6% in the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company's stock valued at $81,000 after buying an additional 233 shares during the last quarter. General Partner Inc. grew its stake in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after acquiring an additional 996 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock valued at $134,000 after acquiring an additional 716 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Sony Group by 400.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock valued at $32,000 after acquiring an additional 1,204 shares during the last quarter. Finally, Hilltop National Bank lifted its stake in Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after purchasing an additional 1,174 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Up 0.9 %

SONY stock traded up $0.20 during midday trading on Thursday, hitting $22.33. 3,410,914 shares of the company's stock were exchanged, compared to its average volume of 3,697,039. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $135.01 billion, a PE ratio of 18.27, a P/E/G ratio of 13.02 and a beta of 0.95. The business has a 50-day simple moving average of $20.83 and a two-hundred day simple moving average of $13.61.

Wall Street Analysts Forecast Growth

SONY has been the subject of several recent research reports. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Oppenheimer dropped their target price on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. TD Cowen reduced their price target on Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating for the company. 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 stock. According to data from MarketBeat, Sony Group currently has an average rating of "Buy" and a consensus target price 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.