Sony Group Co. (NYSE:SONY) Shares Purchased by DMC Group LLC

DMC Group LLC raised its position in Sony Group Co. (NYSE:SONY) by 420.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,675 shares of the company’s stock after buying an additional 30,441 shares during the period. DMC Group LLC’s holdings in Sony Group were worth $797,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its stake in shares of Sony Group by 38.6% in 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 during the last quarter. 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. Brown Brothers Harriman & Co. boosted its stake in Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after purchasing an additional 716 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after buying an additional 1,204 shares in the last quarter. Finally, Hilltop National Bank raised its position in shares of Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after buying an additional 1,174 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on SONY. TD Cowen lowered their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer dropped their price target on 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, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $24.00.

Sony Group Price Performance

Shares of SONY stock opened at $22.13 on Thursday. 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 company has a market capitalization of $133.82 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 13.02 and a beta of 0.95. The firm’s 50-day moving average is $20.83 and its two-hundred day moving average is $13.61. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $22.71.

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.