Sony Group Co. (NYSE:SONY) Shares Purchased by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC boosted its position in Sony Group Co. (NYSE:SONY) by 430.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,336 shares of the company’s stock after buying an additional 32,725 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Sony Group were worth $854,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pictet North America Advisors SA increased its position in Sony Group by 19.4% during the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after purchasing an additional 39,688 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Sony Group by 39.2% in the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock valued at $9,993,000 after buying an additional 29,165 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in Sony Group by 511.4% during the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock worth $4,867,000 after acquiring an additional 42,156 shares during the period. Confluence Investment Management LLC raised its position in Sony Group by 401.5% in the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company’s stock worth $913,000 after acquiring an additional 34,533 shares in the last quarter. Finally, Creative Planning lifted its holdings in Sony Group by 2.7% in the second quarter. Creative Planning now owns 284,636 shares of the company’s stock valued at $24,180,000 after acquiring an additional 7,401 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on SONY. TD Cowen lowered their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer lowered their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sony Group presently has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Price Performance

SONY stock opened at $20.64 on Tuesday. The stock’s 50 day moving average price is $20.48 and its 200 day moving average price is $12.81. The firm has a market cap of $124.79 billion, a P/E ratio of 16.89, a PEG ratio of 12.85 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. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71.

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.