Sony Group Co. (NYSE:SONY) Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its position in Sony Group Co. (NYSE:SONY) by 397.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,301 shares of the company’s stock after acquiring an additional 13,025 shares during the period. Stratos Wealth Partners LTD.’s holdings in Sony Group were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in Sony Group during the 2nd quarter worth about $388,000. Creative Planning grew its position in Sony Group by 6.6% during the 3rd quarter. Creative Planning now owns 303,295 shares of the company’s stock worth $29,289,000 after purchasing an additional 18,659 shares during the period. Naviter Wealth LLC grew its position in Sony Group by 6.7% during the 3rd quarter. Naviter Wealth LLC now owns 31,130 shares of the company’s stock worth $3,006,000 after purchasing an additional 1,951 shares during the period. Mitchell & Pahl Private Wealth LLC grew its position in Sony Group by 8.9% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,611 shares of the company’s stock worth $735,000 after purchasing an additional 619 shares during the period. Finally, Ellsworth Advisors LLC grew its position in Sony Group by 6.8% during the 3rd quarter. Ellsworth Advisors LLC now owns 17,769 shares of the company’s stock worth $1,716,000 after purchasing an additional 1,135 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Down 1.7 %

Shares of Sony Group stock opened at $21.97 on Thursday. The firm has a market capitalization of $132.87 billion, a PE ratio of 17.98, a P/E/G ratio of 11.46 and a beta of 0.96. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $23.05. The firm’s 50-day moving average price is $21.35 and its 200 day moving average price is $14.92. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer lowered 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. Finally, 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. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sony Group presently has an average rating of “Buy” and an average price target 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.