Traveka Wealth LLC Acquires 11,086 Shares of Sony Group Co. (NYSE:SONY)

Traveka Wealth LLC lifted its stake in shares of Sony Group Co. (NYSE:SONY) by 430.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,662 shares of the company’s stock after buying an additional 11,086 shares during the period. Traveka Wealth LLC’s holdings in Sony Group were worth $289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. General Partner Inc. increased its holdings in Sony Group by 400.0% in 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 period. Hilltop National Bank raised its holdings in shares of Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the period. Rise Advisors LLC raised its stake in Sony Group by 399.1% during the 4th quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock worth $37,000 after buying an additional 1,397 shares during the period. Founders Capital Management lifted its holdings in shares of Sony Group by 400.0% in the 4th quarter. Founders Capital Management now owns 2,005 shares of the company’s stock worth $42,000 after purchasing an additional 1,604 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in shares of Sony Group in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

SONY has been the subject of a number of analyst reports. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen dropped their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Oppenheimer reduced their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Performance

NYSE:SONY opened at $20.23 on Tuesday. The business’s 50-day moving average price is $20.31 and its two-hundred day moving average price is $12.22. The stock has a market cap of $122.34 billion, a P/E ratio of 16.55, a PEG ratio of 13.74 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. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71.

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.