Procyon Advisors LLC Increases Stock Holdings in Sony Group Co. (NYSE:SONY)

Procyon Advisors LLC raised its position in shares of Sony Group Co. (NYSE:SONY) by 411.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,734 shares of the company’s stock after purchasing an additional 30,350 shares during the quarter. Procyon Advisors LLC’s holdings in Sony Group were worth $798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. General Partner Inc. raised its holdings 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 raised its stake 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 during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Sony Group by 400.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after buying an additional 1,204 shares in the last quarter. Rise Advisors LLC grew its stake in shares of Sony Group by 399.1% during the 4th 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 increased its holdings in Sony Group by 302.9% in the 4th quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock worth $41,000 after acquiring an additional 1,466 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SONY. TD Cowen decreased their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday. They issued an “outperform” rating on the stock. Oppenheimer decreased their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Trading Up 1.5 %

Shares of SONY stock opened at $20.64 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock 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. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $22.71. The stock’s 50-day moving average price is $20.45 and its 200-day moving average price is $12.63.

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.