GAMMA Investing LLC Purchases 26,567 Shares of Sony Group Co. (NYSE:SONY)

GAMMA Investing LLC increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 476.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,138 shares of the company's stock after acquiring an additional 26,567 shares during the period. GAMMA Investing LLC's holdings in Sony Group were worth $680,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in Sony Group in the fourth quarter valued at $46,000. Hexagon Capital Partners LLC grew its position in shares of Sony Group by 38.6% in the 3rd 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. Brown Brothers Harriman & Co. increased its stake in shares of Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock valued at $134,000 after buying an additional 716 shares during the period. Drive Wealth Management LLC bought a new position in shares of Sony Group during the third quarter worth about $201,000. Finally, CreativeOne Wealth LLC bought a new position in shares of Sony Group during the third quarter worth about $201,000. Institutional investors and hedge funds own 14.05% of the company's stock.

Analysts Set New Price Targets

SONY has been the subject of a number of recent analyst 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 report on Friday, October 11th. StockNews.com cut shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. 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 research note on Tuesday, November 12th. Finally, Daiwa America raised shares of Sony Group to a "strong-buy" rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $24.00.

Sony Group Stock Up 1.1 %

Shares of Sony Group stock traded up $0.23 during trading on Friday, reaching $21.32. 2,296,394 shares of the company traded hands, compared to its average volume of 2,469,197. The firm has a market capitalization of $128.94 billion, a PE ratio of 17.45, a P/E/G ratio of 13.74 and a beta of 0.98. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The company has a 50 day moving average price of $19.96 and a 200-day moving average price of $11.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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.