Sony Group Co. (NYSE:SONY) Shares Purchased by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC boosted its position in Sony Group Co. (NYSE:SONY) by 430.0% in the 4th quarter, Holdings Channel reports. The fund owned 40,336 shares of the company’s stock after purchasing an additional 32,725 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Sony Group were worth $854,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SONY. General Partner Inc. increased its stake 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. Hilltop National Bank grew its holdings in 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 purchasing an additional 1,174 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 purchasing an additional 1,204 shares during the last quarter. Rise Advisors LLC raised its stake 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. Finally, Global Financial Private Client LLC boosted its holdings in shares of Sony Group by 302.9% in the 4th quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 1,466 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. 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 note on Tuesday, November 12th. TD Cowen reduced their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Up 1.5 %

Shares of Sony Group stock opened at $20.64 on Tuesday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71. The stock has a market cap of $124.79 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 12.85 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 has a fifty day moving average price of $20.48 and a 200 day moving average price of $12.81.

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.