Y.D. More Investments Ltd Purchases 28,852 Shares of Sony Group Co. (NYSE:SONY)

Y.D. More Investments Ltd increased its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,065 shares of the company's stock after purchasing an additional 28,852 shares during the period. Y.D. More Investments Ltd's holdings in Sony Group were worth $763,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. General Partner Inc. lifted its holdings in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after purchasing an additional 996 shares in the last quarter. Hilltop National Bank increased its holdings in Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after purchasing an additional 1,174 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 valued at $32,000 after acquiring an additional 1,204 shares during the last quarter. Rise Advisors LLC increased its holdings in shares of Sony Group by 399.1% in 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, Pacific Capital Wealth Advisors Inc. grew its position in shares of Sony Group by 400.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 1,810 shares of the company's stock valued at $38,000 after buying an additional 1,448 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Up 1.8 %

NYSE:SONY traded up $0.41 during trading hours on Wednesday, hitting $22.93. The stock had a trading volume of 3,873,527 shares, compared to its average volume of 3,650,374. The business's 50 day moving average is $21.07 and its 200-day moving average is $14.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company has a market cap of $138.64 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 10.96 and a beta of 0.96. Sony Group Co. has a one year low of $15.02 and a one year high of $22.96.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SONY. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating on the stock. 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 report on Friday, October 11th. StockNews.com cut shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, Oppenheimer dropped their price objective on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sony Group currently has a consensus rating of "Buy" and an average target price of $24.00.

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.