RMR Wealth Builders Has $220,000 Stock Position in Sony Group Co. (NYSE:SONY)

RMR Wealth Builders grew its position in Sony Group Co. (NYSE:SONY) by 401.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,408 shares of the company’s stock after buying an additional 8,333 shares during the period. RMR Wealth Builders’ holdings in Sony Group were worth $220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pictet North America Advisors SA boosted its position in shares of Sony Group by 19.4% in the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after purchasing an additional 39,688 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Sony Group by 39.2% in the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock valued at $9,993,000 after purchasing an additional 29,165 shares in the last quarter. Diversify Wealth Management LLC increased its position in shares of Sony Group by 511.4% in the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after acquiring an additional 42,156 shares during the last quarter. Confluence Investment Management LLC increased its position in shares of Sony Group by 401.5% in the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company’s stock valued at $913,000 after acquiring an additional 34,533 shares during the last quarter. Finally, Creative Planning increased its position in shares of Sony Group by 2.7% in the second quarter. Creative Planning now owns 284,636 shares of the company’s stock valued at $24,180,000 after acquiring an additional 7,401 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on SONY. Daiwa America raised Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer lowered 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. Finally, TD Cowen lowered 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. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $24.00.

Sony Group Stock Performance

SONY opened at $20.36 on Friday. The business has a fifty day simple moving average of $20.26 and a 200 day simple moving average of $11.97. The company has a market capitalization of $123.13 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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.