General Partner Inc. Has $26,000 Stake in Sony Group Co. (NYSE:SONY)

General Partner Inc. raised its holdings in Sony Group Co. (NYSE:SONY) by 400.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,245 shares of the company’s stock after purchasing an additional 996 shares during the period. General Partner Inc.’s holdings in Sony Group were worth $26,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SONY. Versant Capital Management Inc bought a new stake in Sony Group during the fourth quarter worth about $46,000. Hexagon Capital Partners LLC boosted its position in shares of Sony Group by 38.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after acquiring an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after acquiring an additional 716 shares during the last quarter. Drive Wealth Management LLC bought a new position in shares of Sony Group in the 3rd quarter valued at $201,000. Finally, CreativeOne Wealth LLC bought a new position in Sony Group in the third quarter valued at about $201,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Up 0.5 %

SONY stock traded up $0.10 during midday trading on Friday, reaching $21.19. 398,376 shares of the company’s stock traded hands, compared to its average volume of 1,500,563. 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 fifty day moving average price is $19.89 and its 200-day moving average price is $11.24. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. The company has a market cap of $128.15 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 13.74 and a beta of 0.98.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. 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 for the company in a research report on Friday, October 11th. Finally, Oppenheimer dropped their target price 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. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $24.00.

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.