Marcum Wealth LLC Takes $253,000 Position in Sony Group Co. (NYSE:SONY)

Marcum Wealth LLC acquired a new position in Sony Group Co. (NYSE:SONY) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,961 shares of the company’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mediolanum International Funds Ltd purchased a new stake in shares of Sony Group during the third quarter valued at $109,462,000. Fisher Asset Management LLC boosted its holdings in shares of Sony Group by 12.7% in the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after buying an additional 972,075 shares during the period. Marshall Wace LLP boosted its holdings in shares of Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after buying an additional 838,543 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Sony Group by 601.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company’s stock valued at $24,850,000 after acquiring an additional 220,628 shares in the last quarter. Finally, Alight Capital Management LP acquired a new position in Sony Group in the 2nd quarter worth approximately $12,742,000. 14.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SONY has been the topic of a number of research analyst reports. TD Cowen lowered their price objective 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. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Oppenheimer lowered their target price 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 downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $24.00.

Sony Group Stock Down 1.7 %

Shares of Sony Group stock opened at $19.87 on Wednesday. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $22.71. The stock has a market capitalization of $120.17 billion, a P/E ratio of 16.26, a PEG ratio of 13.74 and a beta of 0.95. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $20.34 and a two-hundred day moving average price of $12.33.

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.