Thurston Springer Miller Herd & Titak Inc. Purchases 1,204 Shares of Sony Group Co. (NYSE:SONY)

Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sony Group Co. (NYSE:SONY) by 400.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,505 shares of the company’s stock after acquiring an additional 1,204 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Sony Group were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blair William & Co. IL increased 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 in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of 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 acquiring an additional 233 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of Sony Group by 12.9% during the third quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock valued at $265,000 after acquiring an additional 316 shares in the last quarter. Itau Unibanco Holding S.A. boosted its position in shares of Sony Group by 14.7% during the second quarter. Itau Unibanco Holding S.A. now owns 4,176 shares of the company’s stock valued at $355,000 after buying an additional 534 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Sony Group by 2.9% during the second 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 during the last quarter. Institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

SONY has been the topic of several analyst reports. StockNews.com cut 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 Sony Group in a research report on Thursday. They set an “outperform” rating on the stock. Oppenheimer cut their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, TD Cowen cut their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Up 1.5 %

Shares of NYSE SONY opened at $20.64 on Friday. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The business’s fifty day moving average price is $20.45 and its 200-day moving average price is $12.63. The stock has a market capitalization of $124.79 billion, a PE ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95.

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.