Sony Group Co. (NYSE:SONY) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 500.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,233 shares of the company’s stock after acquiring an additional 41,871 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Sony Group were worth $1,063,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Fisher Asset Management LLC lifted its stake in Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after purchasing an additional 972,075 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of Sony Group during the 3rd quarter worth approximately $109,462,000. Marshall Wace LLP boosted its holdings in shares of Sony Group by 8,495.0% in the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after buying an additional 838,543 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Sony Group by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock valued at $61,579,000 after buying an additional 2,974 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Sony Group by 3.5% during the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after acquiring an additional 20,802 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of SONY opened at $20.64 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.71. The firm has a 50-day simple moving average of $20.45 and a 200-day simple moving average of $12.63. The company has a market capitalization of $124.79 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95.

Wall Street Analysts Forecast Growth

SONY has been the subject of several research analyst reports. TD Cowen decreased 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. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday. They issued an “outperform” rating for the company. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer reduced 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. One investment 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $24.00.

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.