JTC Employer Solutions Trustee Ltd Purchases 3,960 Shares of Sony Group Co. (NYSE:SONY)

JTC Employer Solutions Trustee Ltd lifted its stake in Sony Group Co. (NYSE:SONY) by 400.0% during the 4th quarter, Holdings Channel reports. The firm owned 4,950 shares of the company’s stock after acquiring an additional 3,960 shares during the period. JTC Employer Solutions Trustee Ltd’s holdings in Sony Group were worth $105,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Hexagon Capital Partners LLC lifted its holdings in Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after acquiring an additional 233 shares in the last quarter. General Partner Inc. increased its position in shares of Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after acquiring an additional 716 shares during the last quarter. Hilltop National Bank grew its holdings in Sony Group by 346.3% during the fourth 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 period. Finally, Rise Advisors LLC grew its holdings in Sony Group by 399.1% during the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock worth $37,000 after purchasing an additional 1,397 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Oppenheimer reduced their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. TD Cowen lowered their price target 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. Finally, StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Down 1.0 %

NYSE SONY traded down $0.21 during trading hours on Monday, hitting $20.14. The company’s stock had a trading volume of 956,317 shares, compared to its average volume of 2,863,490. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. The company has a market capitalization of $121.80 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company’s 50-day simple moving average is $20.26 and its two-hundred day simple moving average is $12.10.

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.