Sony Group Co. (NYSE:SONY) Shares Bought by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. raised its holdings in Sony Group Co. (NYSE:SONY) by 400.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,885 shares of the company’s stock after purchasing an additional 2,308 shares during the period. Pinnacle Bancorp Inc.’s holdings in Sony Group were worth $61,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wealth Alliance raised its position in shares of Sony Group by 1.2% during the 2nd quarter. Wealth Alliance now owns 11,977 shares of the company’s stock worth $1,017,000 after purchasing an additional 141 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Sony Group by 4.6% during the second quarter. Blair William & Co. IL now owns 4,803 shares of the company’s stock valued at $408,000 after acquiring an additional 212 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Sony Group by 38.6% in the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after acquiring an additional 233 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Sony Group by 12.9% in the third quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock worth $265,000 after acquiring an additional 316 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Sony Group by 8.1% during the second quarter. Private Advisor Group LLC now owns 5,932 shares of the company’s stock worth $504,000 after purchasing an additional 446 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Down 0.7 %

NYSE SONY opened at $20.36 on Friday. The business’s fifty day simple moving average is $20.39 and its 200-day simple moving average is $12.39. 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 firm has a market cap of $123.10 billion, a PE ratio of 16.66, a P/E/G ratio of 12.41 and a beta of 0.95. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday. They set an “outperform” rating on the stock. TD Cowen lowered their price target 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 downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Oppenheimer decreased their target price on shares of 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 equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $24.00.

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.