Sony Group Co. (NYSE:SONY) Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its position in shares of Sony Group Co. (NYSE:SONY) by 397.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,301 shares of the company’s stock after acquiring an additional 13,025 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Sony Group were worth $345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. General Partner Inc. increased 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 valued at $26,000 after purchasing an additional 996 shares during the last quarter. Hilltop National Bank boosted its position in 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 buying an additional 1,174 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in 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 buying an additional 1,204 shares during the period. Rise Advisors LLC boosted its position in 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 buying an additional 1,397 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. boosted its position in Sony Group by 400.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 1,810 shares of the company’s stock valued at $38,000 after buying an additional 1,448 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SONY shares. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, Oppenheimer decreased their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. One investment 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 company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $24.00.

Sony Group Price Performance

Sony Group stock opened at $21.97 on Thursday. The stock has a market cap of $132.87 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96. The company has a fifty day simple moving average of $21.35 and a 200-day simple moving average of $14.92. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $23.05. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Sony Group Company 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.