Wells Fargo & Company MN grew its position in Sony Group Co. (NYSE:SONY – Free Report) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 532,329 shares of the company’s stock after acquiring an additional 23,724 shares during the period. Wells Fargo & Company MN’s holdings in Sony Group were worth $50,406,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. CVA Family Office LLC purchased a new position in Sony Group during the 4th quarter worth $27,000. Fortitude Family Office LLC purchased a new position in Sony Group during the 4th quarter worth $31,000. Pacific Capital Wealth Advisors Inc. purchased a new position in Sony Group during the 4th quarter worth $34,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Sony Group in the fourth quarter valued at about $39,000. Finally, NBC Securities Inc. purchased a new stake in shares of Sony Group in the third quarter valued at about $51,000. 14.05% of the stock is owned by hedge funds and other institutional investors.
Sony Group Stock Down 0.6 %
Shares of NYSE SONY opened at $80.29 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 0.27. Sony Group Co. has a 52 week low of $75.11 and a 52 week high of $100.94. The firm has a 50-day moving average price of $83.50 and a 200 day moving average price of $88.48. The stock has a market capitalization of $99.10 billion, a price-to-earnings ratio of 14.76 and a beta of 0.95.
Analyst Ratings Changes
Several brokerages have recently weighed in on SONY. Oppenheimer reaffirmed an “outperform” rating and issued a $108.00 target price on shares of Sony Group in a report on Monday, February 26th. StockNews.com raised shares of Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.00.
Read Our Latest Research Report on SONY
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.
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