Sony Group Co. (NYSE:SONY) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its holdings in Sony Group Co. (NYSE:SONY) by 392.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,159 shares of the company’s stock after acquiring an additional 134,802 shares during the period. Ritholtz Wealth Management’s holdings in Sony Group were worth $3,579,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Pictet North America Advisors SA boosted its stake in shares of Sony Group by 19.4% in the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock valued at $23,561,000 after purchasing an additional 39,688 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Sony Group by 39.2% in the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock valued at $9,993,000 after purchasing an additional 29,165 shares during the period. Diversify Wealth Management LLC boosted its stake in shares of Sony Group by 511.4% in the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after purchasing an additional 42,156 shares during the period. Confluence Investment Management LLC boosted its stake in shares of Sony Group by 401.5% in the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company’s stock valued at $913,000 after purchasing an additional 34,533 shares during the period. Finally, Creative Planning boosted its stake in shares of Sony Group by 2.7% in the second quarter. Creative Planning now owns 284,636 shares of the company’s stock valued at $24,180,000 after purchasing an additional 7,401 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SONY. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. TD Cowen reduced their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Oppenheimer reduced their price objective 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 began coverage on shares of Sony Group in a research note on Thursday. They set an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $24.00.

Sony Group Stock Down 0.7 %

Shares of NYSE:SONY opened at $20.36 on Friday. The stock has a market capitalization of $123.10 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The company’s fifty day moving average is $20.39 and its two-hundred day moving average is $12.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

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.