FNY Investment Advisers LLC Buys New Shares in Sony Group Co. (NYSE:SONY)

FNY Investment Advisers LLC purchased a new position in Sony Group Co. (NYSE:SONYFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors have also recently made changes to their positions in SONY. General Partner Inc. boosted its holdings in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after buying an additional 996 shares during the period. Hilltop National Bank boosted its stake in shares of Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after acquiring an additional 1,174 shares during the period. Rise Advisors LLC grew its position in shares of Sony Group by 399.1% during the fourth 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. Founders Capital Management raised its stake in Sony Group by 400.0% during the 4th quarter. Founders Capital Management now owns 2,005 shares of the company’s stock valued at $42,000 after purchasing an additional 1,604 shares during the period. Finally, Versant Capital Management Inc purchased a new position in Sony Group in the 4th quarter worth approximately $46,000. Institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SONY. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Oppenheimer cut their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. TD Cowen reduced their price target 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. Finally, StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sony Group presently has a consensus rating of “Buy” and a consensus price target of $24.00.

Read Our Latest Stock Analysis on SONY

Sony Group Stock Down 1.7 %

Shares of SONY opened at $19.87 on Wednesday. The business’s 50 day simple moving average is $20.34 and its 200-day simple moving average is $12.33. Sony Group Co. has a 1 year low of $15.02 and a 1 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 stock has a market capitalization of $120.17 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95.

Sony Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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