Aaron Wealth Advisors LLC Increases Stock Position in Sony Group Co. (NYSE:SONY)

Aaron Wealth Advisors LLC boosted its stake in Sony Group Co. (NYSE:SONY - Free Report) by 500.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,233 shares of the company's stock after buying an additional 41,871 shares during the period. Aaron Wealth Advisors LLC's holdings in Sony Group were worth $1,063,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Pictet North America Advisors SA lifted its stake in Sony Group by 19.4% during 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. boosted its stake 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 valued at $9,993,000 after purchasing an additional 29,165 shares during the period. Diversify Wealth Management LLC boosted its stake in shares of Sony Group by 511.4% in the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company's stock valued at $4,867,000 after purchasing an additional 42,156 shares during the period. Confluence Investment Management LLC grew its holdings in shares of Sony Group by 401.5% in 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% during the 2nd quarter. Creative Planning now owns 284,636 shares of the company's stock worth $24,180,000 after buying an additional 7,401 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Up 1.5 %

Shares of NYSE:SONY traded up $0.31 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. 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 Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The company has a market capitalization of $124.79 billion, a PE ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. The firm's 50-day moving average is $20.45 and its 200 day moving average is $12.69.

Analysts Set New Price Targets

SONY has been the topic of a number of recent research reports. StockNews.com lowered Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. TD Cowen reduced their price target on Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Oppenheimer lowered their price objective on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday. They issued an "outperform" rating on the stock. One equities 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average 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.