Sony Group Co. (NYSE:SONY) Shares Acquired by One Wealth Advisors LLC

One Wealth Advisors LLC lifted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,475 shares of the company's stock after purchasing an additional 27,593 shares during the quarter. One Wealth Advisors LLC's holdings in Sony Group were worth $729,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC boosted its holdings in Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock worth $834,013,000 after acquiring an additional 972,075 shares during the period. Cardinal Capital Management Inc. boosted its holdings in Sony Group by 403.7% in the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock worth $33,986,000 after acquiring an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd purchased a new position in Sony Group in the 3rd quarter worth approximately $109,462,000. Manning & Napier Advisors LLC boosted its holdings in Sony Group by 356.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company's stock worth $20,500,000 after acquiring an additional 756,705 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Sony Group by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company's stock worth $61,579,000 after acquiring an additional 2,974 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Stock Up 0.4 %

Shares of Sony Group stock traded up $0.10 on Thursday, hitting $23.02. 2,994,518 shares of the company's stock traded hands, compared to its average volume of 3,623,061. 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 has a market cap of $139.19 billion, a P/E ratio of 18.83, a PEG ratio of 10.96 and a beta of 0.96. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $23.05. The firm's 50-day moving average is $21.20 and its 200 day moving average is $14.32.

Analyst Upgrades and Downgrades

SONY has been the subject of a number of analyst reports. Oppenheimer decreased their price target on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating for the company. Finally, TD Cowen reduced their target price on 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $24.00.

About Sony Group

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.