Marks Group Wealth Management Inc Boosts Position in Sony Group Co. (NYSE:SONY)

Marks Group Wealth Management Inc lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 341.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,997 shares of the company’s stock after acquiring an additional 58,800 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Sony Group were worth $1,608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners boosted its position in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after acquiring an additional 927 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group in the 4th quarter valued at approximately $26,000. General Partner Inc. boosted its position in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after purchasing an additional 716 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after purchasing an additional 1,204 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on SONY shares. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Oppenheimer dropped 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 note on Tuesday, November 12th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. One equities 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 data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Price Performance

Shares of NYSE:SONY opened at $21.97 on Thursday. The business has a fifty day moving average price of $21.35 and a 200-day moving average price of $14.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market capitalization of $132.87 billion, a PE ratio of 17.98, a PEG ratio of 11.46 and a beta of 0.96. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $23.05.

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.