Sony Group Co. (NYSE:SONY) Shares Acquired by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC lifted its position in shares of Sony Group Co. (NYSE:SONY) by 410.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,300 shares of the company’s stock after purchasing an additional 5,871 shares during the period. Eagle Bay Advisors LLC’s holdings in Sony Group were worth $154,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. General Partner Inc. increased its position in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after purchasing an additional 996 shares in the last quarter. Hilltop National Bank increased its position in Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after acquiring an additional 1,174 shares during the period. Rise Advisors LLC increased its position in 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 period. Versant Capital Management Inc acquired a new position in Sony Group in the 4th quarter valued at about $46,000. Finally, Ridgewood Investments LLC increased its position in Sony Group by 400.0% in the 4th quarter. Ridgewood Investments LLC now owns 2,230 shares of the company’s stock valued at $47,000 after acquiring an additional 1,784 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

NYSE SONY traded down $0.21 on Monday, hitting $20.14. 956,317 shares of the company’s stock were exchanged, compared to its average volume of 2,863,490. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The firm’s 50-day moving average price is $20.26 and its two-hundred day moving average price is $12.10. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.71. The firm has a market cap of $121.80 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 13.74 and a beta of 0.95.

Analyst Ratings Changes

SONY has been the topic of several recent research reports. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Oppenheimer dropped their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. TD Cowen dropped their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.