One Wealth Capital Management LLC Makes New $253,000 Investment in Sony Group Co. (NYSE:SONY)

One Wealth Capital Management LLC bought a new stake in shares of Sony Group Co. (NYSE:SONY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,945 shares of the company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SONY. General Partner Inc. lifted its position in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares during the last quarter. Rise Advisors LLC lifted its holdings in shares of Sony Group by 399.1% in the 4th quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after acquiring an additional 1,397 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Sony Group in the 4th quarter valued at about $46,000. Hexagon Capital Partners LLC increased its stake in Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after acquiring an additional 233 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after purchasing an additional 716 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Oppenheimer dropped their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. TD Cowen dropped their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $24.00.

Sony Group Trading Up 0.0 %

Shares of NYSE:SONY traded up $0.01 on Tuesday, hitting $20.91. 2,169,030 shares of the company’s stock were exchanged, compared to its average volume of 2,564,966. The stock has a market capitalization of $126.46 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. Sony Group Co. has a 12 month low of $15.02 and a 12 month 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 business’s 50 day simple moving average is $20.02 and its two-hundred day simple moving average is $11.61.

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.