Diversify Wealth Management LLC Grows Stock Position in Sony Group Co. (NYSE:SONY)

Diversify Wealth Management LLC increased its position in shares of Sony Group Co. (NYSE:SONY) by 18.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,594 shares of the company’s stock after purchasing an additional 9,195 shares during the quarter. Diversify Wealth Management LLC’s holdings in Sony Group were worth $1,213,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. General Partner Inc. grew its holdings in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after buying an additional 996 shares in the last quarter. Hilltop National Bank grew its stake in Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after acquiring an additional 1,174 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Sony Group by 400.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after acquiring an additional 1,204 shares during the last quarter. Rise Advisors LLC lifted its stake in Sony Group by 399.1% in the 4th quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock worth $37,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Global Financial Private Client LLC boosted its holdings in shares of Sony Group by 302.9% during the 4th quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock worth $41,000 after purchasing an additional 1,466 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented 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. TD Cowen lowered their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Oppenheimer cut their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Price Performance

SONY stock opened at $20.64 on Tuesday. The business’s fifty day moving average price is $20.48 and its 200 day moving average price is $12.81. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $22.71. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company 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.

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.