FNY Investment Advisers LLC Purchases New Position in Sony Group Co. (NYSE:SONY)

FNY Investment Advisers LLC acquired a new position in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SONY. Miracle Mile Advisors LLC bought a new position in shares of Sony Group during the 4th quarter valued at approximately $757,000. Sivia Capital Partners LLC lifted its position in Sony Group by 387.1% in the fourth quarter. Sivia Capital Partners LLC now owns 17,135 shares of the company’s stock worth $363,000 after buying an additional 13,617 shares during the last quarter. Grassi Investment Management boosted its stake in Sony Group by 302.0% during the fourth quarter. Grassi Investment Management now owns 20,000 shares of the company’s stock worth $423,000 after buying an additional 15,025 shares during the period. JCIC Asset Management Inc. increased its position in Sony Group by 408.8% during the fourth quarter. JCIC Asset Management Inc. now owns 155,940 shares of the company’s stock valued at $3,300,000 after acquiring an additional 125,293 shares during the last quarter. Finally, Wedmont Private Capital raised its stake in shares of Sony Group by 462.1% in the fourth quarter. Wedmont Private Capital now owns 15,553 shares of the company’s stock valued at $317,000 after acquiring an additional 12,786 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Trading Down 1.7 %

Shares of SONY opened at $19.87 on Wednesday. The firm has a market capitalization of $120.17 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 13.74 and a beta of 0.95. 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 Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The company has a 50-day moving average of $20.34 and a 200 day moving average of $12.33.

Wall Street Analysts Forecast Growth

SONY has been the subject of a number of recent analyst reports. TD Cowen dropped their price target 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 dropped their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, StockNews.com lowered 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $24.00.

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.