2,482 Shares in Sony Group Co. (NYSE:SONY) Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC bought a new position in shares of Sony Group Co. (NYSE:SONY) in the fourth quarter, HoldingsChannel.com reports. The firm bought 2,482 shares of the company’s stock, valued at approximately $53,000.

A number of other hedge funds also recently bought and sold shares of the company. General Partner Inc. boosted its stake in Sony Group by 400.0% during 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 period. Hilltop National Bank lifted 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 worth $32,000 after acquiring an additional 1,174 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 worth $32,000 after purchasing an additional 1,204 shares in the last quarter. Rise Advisors LLC increased its position in shares of Sony Group by 399.1% during the fourth 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 during the period. Finally, Pacific Capital Wealth Advisors Inc. raised its stake in shares of Sony Group by 400.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 1,810 shares of the company’s stock valued at $38,000 after purchasing an additional 1,448 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SONY has been the topic of a number of recent research reports. Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer dropped their price target 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. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sony Group currently has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Stock Performance

Sony Group stock opened at $22.41 on Tuesday. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $23.05. The stock has a 50-day simple moving average of $21.30 and a 200 day simple moving average of $14.74. 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 stock has a market capitalization of $135.50 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 11.46 and a beta of 0.96.

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.