Alhambra Investment Management LLC Buys 31,295 Shares of Sony Group Co. (NYSE:SONY)

Alhambra Investment Management LLC grew its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 360.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,985 shares of the company's stock after acquiring an additional 31,295 shares during the period. Alhambra Investment Management LLC's holdings in Sony Group were worth $846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. General Partner Inc. lifted its position in shares of Sony Group by 400.0% in the fourth 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. Hilltop National Bank increased 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 acquiring an additional 1,174 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Sony Group by 400.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock worth $32,000 after acquiring an additional 1,204 shares in the last quarter. Rise Advisors LLC boosted its position in shares of Sony Group by 399.1% during the 4th quarter. Rise Advisors LLC now owns 1,747 shares of the company's stock valued at $37,000 after acquiring an additional 1,397 shares during the last quarter. Finally, Global Financial Private Client LLC grew its holdings in shares of Sony Group by 302.9% in 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 in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Cowen dropped 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. Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday. They set an "outperform" rating on the stock. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Finally, Oppenheimer decreased their price target on Sony Group from $108.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. One 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $24.00.

Sony Group Trading Up 1.5 %

NYSE SONY traded up $0.31 during trading on Friday, hitting $20.64. The stock had a trading volume of 2,992,846 shares, compared to its average volume of 2,500,774. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. The stock has a 50 day simple moving average of $20.45 and a 200 day simple moving average of $12.63. The stock has a market capitalization of $124.79 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

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.