BSW Wealth Partners Buys New Shares in Sony Group Co. (NYSE:SONY)

BSW Wealth Partners purchased a new position in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,258 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds also recently bought and sold shares of the stock. General Partner Inc. increased its stake 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 during the period. Hilltop National Bank increased its position in shares of Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Sony Group by 400.0% in the 4th 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 raised its holdings in shares of Sony Group by 399.1% in the 4th quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Pacific Capital Wealth Advisors Inc. lifted its position in shares of Sony Group by 400.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 1,810 shares of the company’s stock worth $38,000 after purchasing an additional 1,448 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

SONY has been the topic of a number of analyst reports. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. TD Cowen lowered their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, Oppenheimer lowered their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Price Performance

Shares of NYSE SONY opened at $22.13 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market cap of $133.82 billion, a PE ratio of 18.11, a P/E/G ratio of 13.02 and a beta of 0.95. The stock has a fifty day moving average price of $20.83 and a 200 day moving average price of $13.61. 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.