Sony Group Co. (NYSE:SONY) Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its stake in Sony Group Co. (NYSE:SONY) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,594 shares of the company’s stock after purchasing an additional 9,195 shares during the period. Diversify Wealth Management LLC’s holdings in Sony Group were worth $1,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SONY. Renaissance Technologies LLC acquired a new stake in Sony Group in the second quarter valued at approximately $10,347,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Sony Group by 18.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,032 shares of the company’s stock valued at $3,061,000 after purchasing an additional 5,649 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Sony Group by 4.6% during the 2nd quarter. Blair William & Co. IL now owns 4,803 shares of the company’s stock worth $408,000 after purchasing an additional 212 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Sony Group by 110.6% during the second quarter. Hsbc Holdings PLC now owns 5,088 shares of the company’s stock worth $432,000 after purchasing an additional 53,311 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Sony Group by 3.5% in the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock valued at $51,946,000 after acquiring an additional 20,802 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Price Performance

Shares of NYSE SONY opened at $20.64 on Tuesday. 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 company has a market cap of $124.79 billion, a PE ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95. The stock has a fifty day moving average price of $20.48 and a 200 day moving average price of $12.81. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71.

Wall Street Analyst Weigh In

SONY has been the topic of several research analyst reports. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer dropped their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, 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 report on Friday, October 11th. One equities research 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $24.00.

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.