Everpar Advisors LLC Acquires 16,748 Shares of Sony Group Co. (NYSE:SONY)

Everpar Advisors LLC raised its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 405.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,879 shares of the company's stock after buying an additional 16,748 shares during the quarter. Everpar Advisors LLC's holdings in Sony Group were worth $442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SONY. Pictet North America Advisors SA lifted its stake in Sony Group by 19.4% in the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company's stock worth $23,561,000 after acquiring an additional 39,688 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Sony Group by 39.2% in the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company's stock worth $9,993,000 after purchasing an additional 29,165 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in shares of Sony Group by 511.4% during the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company's stock worth $4,867,000 after purchasing an additional 42,156 shares during the period. Confluence Investment Management LLC grew its position in Sony Group by 401.5% during the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company's stock valued at $913,000 after purchasing an additional 34,533 shares in the last quarter. Finally, Creative Planning increased its stake in Sony Group by 2.7% in the 2nd quarter. Creative Planning now owns 284,636 shares of the company's stock valued at $24,180,000 after buying an additional 7,401 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Up 1.5 %

Sony Group stock traded up $0.31 during mid-day trading on Friday, hitting $20.64. 2,992,846 shares of the company's stock were exchanged, compared to its average volume of 2,500,774. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The stock has a 50 day moving average of $20.45 and a two-hundred day moving average of $12.56. The stock has a market cap of $124.79 billion, a P/E ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Analyst Upgrades and Downgrades

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

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.