180 Wealth Advisors LLC Boosts Holdings in Sony Group Co. (NYSE:SONY)

180 Wealth Advisors LLC boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 389.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 16,734 shares of the company's stock after acquiring an additional 13,316 shares during the quarter. 180 Wealth Advisors LLC's holdings in Sony Group were worth $354,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SONY. Wallace Advisory Group LLC acquired a new stake in Sony Group during the 4th quarter valued at approximately $58,000. Rosenberg Matthew Hamilton raised its holdings in shares of Sony Group by 469.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 9,323 shares of the company's stock worth $197,000 after purchasing an additional 7,685 shares during the last quarter. Global Financial Private Client LLC lifted its position in Sony Group by 302.9% during the fourth quarter. Global Financial Private Client LLC now owns 1,950 shares of the company's stock valued at $41,000 after purchasing an additional 1,466 shares during the period. Marcum Wealth LLC purchased a new stake in Sony Group in the fourth quarter valued at $253,000. Finally, Traveka Wealth LLC grew its position in Sony Group by 430.4% during the 4th quarter. Traveka Wealth LLC now owns 13,662 shares of the company's stock worth $289,000 after purchasing an additional 11,086 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Price Performance

NYSE SONY traded down $0.15 during trading hours on Thursday, reaching $20.36. The company's stock had a trading volume of 4,472,462 shares, compared to its average volume of 3,537,716. The firm has a market capitalization of $123.10 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 12.41 and a beta of 0.95. The company's 50-day moving average is $20.39 and its two-hundred day moving average is $12.39. 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 Co. has a 1-year low of $15.02 and a 1-year high of $22.71.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SONY. 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. Daiwa America raised Sony Group to a "strong-buy" rating in a report on Wednesday, September 18th. Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday. They issued an "outperform" rating on the stock. StockNews.com lowered shares of Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Finally, TD Cowen lowered their price target on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Sony Group currently has a consensus 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.