Franklin Street Advisors Inc. NC Boosts Stake in Sony Group Co. (NYSE:SONY)

Franklin Street Advisors Inc. NC grew its holdings in Sony Group Co. (NYSE:SONY) by 425.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,286 shares of the company’s stock after acquiring an additional 13,187 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Sony Group were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Ridgewood Investments LLC boosted its holdings in shares of Sony Group by 400.0% in the 4th quarter. Ridgewood Investments LLC now owns 2,230 shares of the company’s stock worth $47,000 after purchasing an additional 1,784 shares during the period. Hilltop National Bank boosted its stake in Sony Group by 346.3% during 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 during the period. Baker Tilly Wealth Management LLC increased its position in Sony Group by 393.5% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 10,753 shares of the company’s stock valued at $228,000 after acquiring an additional 8,574 shares during the last quarter. Fortitude Family Office LLC raised its stake in shares of Sony Group by 373.3% in the fourth quarter. Fortitude Family Office LLC now owns 2,305 shares of the company’s stock valued at $49,000 after acquiring an additional 1,818 shares during the period. Finally, One Wealth Capital Management LLC bought a new stake in shares of Sony Group in the 4th quarter worth about $253,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

SONY stock traded down $0.33 during trading on Friday, reaching $20.44. The company had a trading volume of 2,939,552 shares, compared to its average volume of 2,854,813. 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 twelve month low of $15.02 and a twelve month high of $22.71. The company has a market cap of $123.61 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. The firm has a 50-day simple moving average of $20.20 and a 200-day simple moving average of $11.86.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SONY shares. TD Cowen cut their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Oppenheimer cut 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 research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target 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.