Successful Portfolios LLC Acquires 80,081 Shares of Sony Group Co. (NYSE:SONY)

Successful Portfolios LLC boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 400.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 100,076 shares of the company’s stock after buying an additional 80,081 shares during the period. Sony Group makes up approximately 1.4% of Successful Portfolios LLC’s holdings, making the stock its 17th biggest holding. Successful Portfolios LLC’s holdings in Sony Group were worth $2,118,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SONY. General Partner Inc. grew its holdings 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 worth $26,000 after buying an additional 996 shares in the last quarter. Hilltop National Bank grew its stake in shares of Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after acquiring an additional 1,174 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised 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 valued at $32,000 after purchasing an additional 1,204 shares during the last quarter. Rise Advisors LLC lifted 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 worth $37,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Global Financial Private Client LLC boosted its holdings 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 worth $41,000 after purchasing an additional 1,466 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 1.5 %

SONY opened at $20.64 on Monday. The stock has a market capitalization of $124.79 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71. The company has a 50-day simple moving average of $20.45 and a 200 day simple moving average of $12.69.

Wall Street Analyst Weigh In

Several research firms have weighed in on SONY. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday. 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 report on Tuesday, November 19th. TD Cowen cut 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. Finally, Oppenheimer lowered 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. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average 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.