Whitaker Myers Wealth Managers LTD. bought a new stake in shares of Sony Group Co. (NYSE:SONY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,488 shares of the company's stock, valued at approximately $307,000.
Other institutional investors also recently bought and sold shares of the company. Pictet North America Advisors SA grew its stake in Sony Group by 19.4% during the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company's stock valued at $23,561,000 after acquiring an additional 39,688 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Sony Group by 39.2% during the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company's stock valued at $9,993,000 after acquiring an additional 29,165 shares in the last quarter. Diversify Wealth Management LLC grew its stake in Sony Group by 511.4% during the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company's stock valued at $4,867,000 after acquiring an additional 42,156 shares in the last quarter. Confluence Investment Management LLC grew its stake in Sony Group by 401.5% during the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company's stock valued at $913,000 after acquiring an additional 34,533 shares in the last quarter. Finally, Creative Planning grew its stake in Sony Group by 2.7% during the second quarter. Creative Planning now owns 284,636 shares of the company's stock valued at $24,180,000 after acquiring an additional 7,401 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
SONY has been the subject of several research reports. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday. They set an "outperform" rating for the company. StockNews.com lowered shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Oppenheimer lowered their price objective on shares of 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, TD Cowen lowered 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 report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $24.00.
View Our Latest Stock Report on SONY
Sony Group Trading Up 1.5 %
Shares of Sony Group stock 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. The firm's fifty day simple moving average is $20.45 and its 200-day simple moving average is $12.69. The stock has a market cap of $124.79 billion, a PE ratio of 16.89, a PEG ratio of 12.41 and a beta of 0.95. 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 12 month low of $15.02 and a 12 month high of $22.71.
Sony Group Company Profile
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Free Report)
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.
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