Twelve Points Wealth Management LLC Increases Holdings in Sony Group Co. (NYSE:SONY)

Twelve Points Wealth Management LLC increased its position in Sony Group Co. (NYSE:SONY) by 383.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,745 shares of the company’s stock after purchasing an additional 18,833 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Sony Group were worth $502,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in shares of Sony Group by 110.6% in the 2nd quarter. Hsbc Holdings PLC now owns 5,088 shares of the company’s stock valued at $432,000 after purchasing an additional 53,311 shares in the last quarter. AQR Capital Management LLC purchased a new position in Sony Group during the second quarter valued at approximately $388,000. Creative Planning raised its stake in Sony Group by 2.7% in the second quarter. Creative Planning now owns 284,636 shares of the company’s stock worth $24,180,000 after buying an additional 7,401 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Sony Group by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company’s stock worth $1,660,000 after buying an additional 549 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in shares of Sony Group by 20.6% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,315 shares of the company’s stock valued at $791,000 after acquiring an additional 1,592 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

SONY opened at $21.80 on Wednesday. The company has a market cap of $131.81 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 13.02 and a beta of 0.95. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $20.77 and its 200-day moving average price is $13.55. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SONY. TD Cowen decreased their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Oppenheimer cut 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 report on Tuesday, November 12th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. 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. According to data from MarketBeat.com, Sony Group has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Company 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.