SG Americas Securities LLC Boosts Holdings in Sony Group Co. (NYSE:SONY)

SG Americas Securities LLC raised its stake in shares of Sony Group Co. (NYSE:SONY) by 340.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,134 shares of the company’s stock after buying an additional 40,290 shares during the quarter. SG Americas Securities LLC’s holdings in Sony Group were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cetera Trust Company N.A raised its position in Sony Group by 418.4% during the fourth quarter. Cetera Trust Company N.A now owns 16,925 shares of the company’s stock valued at $358,000 after purchasing an additional 13,660 shares during the period. Park Place Capital Corp boosted its holdings in shares of Sony Group by 388.5% in the 4th quarter. Park Place Capital Corp now owns 8,862 shares of the company’s stock valued at $188,000 after buying an additional 7,048 shares in the last quarter. Dakota Wealth Management boosted its holdings in Sony Group by 320.9% in the fourth quarter. Dakota Wealth Management now owns 11,260 shares of the company’s stock worth $238,000 after acquiring an additional 8,585 shares in the last quarter. Simon Quick Advisors LLC acquired a new stake in Sony Group during the 4th quarter worth about $235,000. Finally, Bourgeon Capital Management LLC lifted its position in Sony Group by 299.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 93,703 shares of the company’s stock valued at $1,983,000 after purchasing an additional 70,219 shares during the period. Institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Oppenheimer dropped their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. 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. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Price Performance

Sony Group stock opened at $21.80 on Wednesday. The business has a 50 day simple moving average of $20.77 and a 200-day simple moving average of $13.55. Sony Group Co. has a 12 month low of $15.02 and a 12 month 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 stock has a market capitalization of $131.81 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 13.02 and a beta of 0.95.

Sony Group 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.