GAMMA Investing LLC Boosts Stock Position in Sony Group Co. (NYSE:SONY)

GAMMA Investing LLC increased its position in shares of Sony Group Co. (NYSE:SONY) by 476.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,138 shares of the company’s stock after acquiring an additional 26,567 shares during the period. GAMMA Investing LLC’s holdings in Sony Group were worth $680,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its stake 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 purchasing an additional 233 shares during the period. Brown Brothers Harriman & Co. increased its stake in Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after buying an additional 716 shares during the period. Drive Wealth Management LLC acquired a new stake in Sony Group during the 3rd quarter worth approximately $201,000. CreativeOne Wealth LLC acquired a new position in shares of Sony Group in the third quarter worth $201,000. Finally, Meyer Handelman Co. acquired a new position in shares of Sony Group in the third quarter worth $202,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Up 1.1 %

NYSE:SONY opened at $21.32 on Friday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71. The stock has a market cap of $128.94 billion, a P/E ratio of 17.45, a P/E/G ratio of 13.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock has a 50-day simple moving average of $19.96 and a 200-day simple moving average of $11.42.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. TD Cowen cut 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 note on Friday, October 11th. Finally, Oppenheimer decreased 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 note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Sony Group 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.