Journey Strategic Wealth LLC Raises Position in Sony Group Co. (NYSE:SONY)

Journey Strategic Wealth LLC boosted its holdings in Sony Group Co. (NYSE:SONY) by 415.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 29,547 shares of the company’s stock after buying an additional 23,811 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Sony Group were worth $625,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC raised its position in Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after purchasing an additional 233 shares in the last quarter. Wedmont Private Capital increased its position in shares of Sony Group by 12.9% during the 3rd quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock valued at $265,000 after purchasing an additional 316 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Sony Group by 2.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company’s stock valued at $1,660,000 after buying an additional 549 shares in the last quarter. Fiduciary Trust Co lifted its position in Sony Group by 13.4% in the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock worth $479,000 after buying an additional 585 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Sony Group by 14.9% in the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock worth $447,000 after buying an additional 599 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SONY. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. TD Cowen decreased their target price 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. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer reduced their price objective 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. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Down 1.4 %

Shares of NYSE SONY opened at $22.00 on Monday. The firm’s fifty day moving average is $20.96 and its 200 day moving average is $13.94. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market cap of $133.02 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 10.96 and a beta of 0.96.

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.