Sony Group Co. (NYSE:SONY) Stock Position Raised by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC boosted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 430.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,336 shares of the company's stock after purchasing an additional 32,725 shares during the quarter. Mitchell & Pahl Private Wealth LLC's holdings in Sony Group were worth $854,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC boosted its position in Sony Group by 449.5% during the 4th quarter. Ballentine Partners LLC now owns 73,286 shares of the company's stock valued at $1,551,000 after purchasing an additional 59,949 shares during the period. BigSur Wealth Management LLC grew its position in shares of Sony Group by 400.0% during the fourth quarter. BigSur Wealth Management LLC now owns 25,925 shares of the company's stock worth $549,000 after acquiring an additional 20,740 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Sony Group by 337.8% in the 4th quarter. UMB Bank n.a. now owns 5,280 shares of the company's stock worth $112,000 after acquiring an additional 4,074 shares during the period. Diversify Wealth Management LLC boosted its stake in Sony Group by 18.2% during the 4th quarter. Diversify Wealth Management LLC now owns 59,594 shares of the company's stock valued at $1,213,000 after purchasing an additional 9,195 shares during the period. Finally, Ellsworth Advisors LLC grew its position in Sony Group by 419.4% in the 4th quarter. Ellsworth Advisors LLC now owns 92,292 shares of the company's stock worth $1,953,000 after purchasing an additional 74,523 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Analysts Set New Price Targets

SONY has been the subject of several analyst reports. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. 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 report on Friday, October 11th. StockNews.com cut shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, Oppenheimer reduced their price target 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. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $24.00.

Sony Group Price Performance

Sony Group stock traded up $0.28 during midday trading on Tuesday, hitting $20.92. The company's stock had a trading volume of 3,139,836 shares, compared to its average volume of 3,459,437. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $22.71. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock's 50-day moving average price is $20.48 and its 200-day moving average price is $12.81. The company has a market capitalization of $126.49 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 12.85 and a beta of 0.95.

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.