Marks Group Wealth Management Inc Acquires 58,800 Shares of Sony Group Co. (NYSE:SONY)

Marks Group Wealth Management Inc grew its holdings in Sony Group Co. (NYSE:SONY) by 341.9% in the fourth quarter, Holdings Channel reports. The firm owned 75,997 shares of the company’s stock after buying an additional 58,800 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Sony Group were worth $1,608,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Silicon Valley Capital Partners boosted its position in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after buying an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in Sony Group during the 4th quarter valued at about $26,000. General Partner Inc. boosted its holdings in shares of Sony Group by 400.0% during the 4th 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. grew its stake 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 worth $134,000 after acquiring an additional 716 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised 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 valued at $32,000 after purchasing an additional 1,204 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 1.7 %

Shares of SONY stock opened at $21.97 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $23.05. The stock has a market cap of $132.87 billion, a P/E ratio of 17.98, a P/E/G ratio of 11.46 and a beta of 0.96. The company has a 50 day simple moving average of $21.35 and a two-hundred day simple moving average of $14.92.

Analyst Ratings Changes

SONY has been the topic of several research reports. Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They issued 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 on the stock in a research note on Tuesday, November 12th. 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, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sony Group has a consensus rating of “Buy” and a consensus price target of $24.00.

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.