Strategic Investment Advisors MI Acquires 10,873 Shares of Sony Group Co. (NYSE:SONY)

Strategic Investment Advisors MI increased its holdings in shares of Sony Group Co. (NYSE:SONY) by 405.1% during the 4th quarter, HoldingsChannel reports. The firm owned 13,557 shares of the company’s stock after purchasing an additional 10,873 shares during the period. Strategic Investment Advisors MI’s holdings in Sony Group were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hexagon Capital Partners LLC lifted its holdings 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 valued at $81,000 after purchasing an additional 233 shares in the last quarter. General Partner Inc. raised its position 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 buying an additional 996 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Sony Group by 106.2% in the 3rd 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Sony Group by 400.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after acquiring an additional 1,204 shares in the last quarter. Finally, Hilltop National Bank grew its stake in shares of Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after acquiring an additional 1,174 shares in 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 brokerages have recently commented on SONY. Oppenheimer cut their price objective on shares of 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 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 note on Friday, October 11th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Price Performance

NYSE:SONY opened at $21.01 on Tuesday. 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 firm has a fifty day simple moving average of $20.72 and a 200 day simple moving average of $13.43. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The stock has a market capitalization of $127.03 billion, a PE ratio of 17.19, a P/E/G ratio of 13.02 and a beta of 0.95.

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.