Ritholtz Wealth Management Increases Stock Holdings in Sony Group Co. (NYSE:SONY)

Ritholtz Wealth Management grew its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 392.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,159 shares of the company's stock after purchasing an additional 134,802 shares during the period. Ritholtz Wealth Management's holdings in Sony Group were worth $3,579,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Advisor Group LLC raised its stake in shares of Sony Group by 8.1% during the second quarter. Private Advisor Group LLC now owns 5,932 shares of the company's stock valued at $504,000 after acquiring an additional 446 shares in the last quarter. American Century Companies Inc. increased its holdings in Sony Group by 7.9% during the 2nd quarter. American Century Companies Inc. now owns 255,375 shares of the company's stock worth $21,694,000 after purchasing an additional 18,597 shares during the period. Renaissance Technologies LLC bought a new stake in Sony Group during the 2nd quarter valued at $10,347,000. Wealth Alliance lifted its holdings in shares of Sony Group by 1.2% in the 2nd quarter. Wealth Alliance now owns 11,977 shares of the company's stock worth $1,017,000 after buying an additional 141 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of Sony Group by 18.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,032 shares of the company's stock worth $3,061,000 after buying an additional 5,649 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SONY has been the subject of several recent research reports. Oppenheimer decreased their price objective on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday. They issued an "outperform" rating for the company. StockNews.com downgraded shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, TD Cowen reduced their price objective 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. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $24.00.

Sony Group Stock Up 1.5 %

Sony Group stock traded up $0.31 during trading hours on Friday, reaching $20.64. The stock had a trading volume of 2,992,846 shares, compared to its average volume of 3,488,490. The company has a market cap of $124.79 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 12.41 and a beta of 0.95. The business's 50 day moving average price is $20.43 and its 200-day moving average price is $12.44. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. 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 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.