Meyer Handelman Co. Acquires 8,348 Shares of Sony Group Co. (NYSE:SONY)

Meyer Handelman Co. grew its holdings in Sony Group Co. (NYSE:SONY) by 400.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,435 shares of the company’s stock after purchasing an additional 8,348 shares during the period. Meyer Handelman Co.’s holdings in Sony Group were worth $221,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. General Partner Inc. boosted its stake in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after purchasing an additional 996 shares during the period. Hilltop National Bank lifted its holdings in shares of Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after buying an additional 1,174 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of 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 buying an additional 1,204 shares in the last quarter. Rise Advisors LLC boosted its position in shares of Sony Group by 399.1% in the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after acquiring an additional 1,397 shares during the period. Finally, Global Financial Private Client LLC grew its stake in Sony Group by 302.9% during the fourth quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock valued at $41,000 after acquiring an additional 1,466 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Up 3.0 %

SONY opened at $20.47 on Thursday. The business’s fifty day simple moving average is $20.34 and its 200 day simple moving average is $12.33. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. 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 market cap of $123.80 billion, a PE ratio of 16.75, a P/E/G ratio of 12.41 and a beta of 0.95.

Wall Street Analyst Weigh In

SONY has been the topic of several recent analyst reports. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Oppenheimer dropped their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. TD Cowen decreased their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, StockNews.com downgraded 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, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sony Group has a consensus rating of “Buy” and a consensus target price of $24.00.

About Sony Group

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.