Sony Group Co. (NYSE:SONY) Shares Purchased by DMC Group LLC

DMC Group LLC raised its stake in Sony Group Co. (NYSE:SONY) by 420.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,675 shares of the company’s stock after purchasing an additional 30,441 shares during the quarter. DMC Group LLC’s holdings in Sony Group were worth $797,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its holdings in shares of Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after acquiring an additional 233 shares during the last quarter. Wedmont Private Capital lifted its stake in Sony Group by 12.9% during the third quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock worth $265,000 after purchasing an additional 316 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sony Group by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company’s stock worth $1,660,000 after buying an additional 549 shares during the period. Fiduciary Trust Co grew its stake in shares of Sony Group by 13.4% in the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock valued at $479,000 after buying an additional 585 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Sony Group by 14.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after buying an additional 599 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. TD Cowen lowered their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Oppenheimer cut their target price on shares of 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 shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One equities research 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Performance

Shares of SONY opened at $22.13 on Thursday. 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 $133.82 billion, a PE ratio of 18.11, a PEG ratio of 13.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock has a 50-day simple moving average of $20.83 and a 200-day simple moving average of $13.61.

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.