Ridgewood Investments LLC Acquires 1,784 Shares of Sony Group Co. (NYSE:SONY)

Ridgewood Investments LLC increased its holdings in shares of Sony Group Co. (NYSE:SONY) by 400.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,230 shares of the company’s stock after acquiring an additional 1,784 shares during the period. Ridgewood Investments LLC’s holdings in Sony Group were worth $47,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. General Partner Inc. raised its position in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares in the last quarter. Hilltop National Bank raised its position in Sony Group by 346.3% during the 4th 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 in the last quarter. Rise Advisors LLC raised its position in Sony Group by 399.1% during the 4th quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after purchasing an additional 1,397 shares in the last quarter. Versant Capital Management Inc bought a new stake in Sony Group during the 4th quarter valued at $46,000. Finally, Fortitude Family Office LLC raised its position in Sony Group by 373.3% during the 4th quarter. Fortitude Family Office LLC now owns 2,305 shares of the company’s stock valued at $49,000 after purchasing an additional 1,818 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Trading Down 2.0 %

SONY opened at $20.36 on Friday. The firm has a market cap of $123.13 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 13.74 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $22.71. The stock has a fifty day moving average price of $20.26 and a 200-day moving average price of $11.97.

Wall Street Analysts Forecast Growth

SONY has been the subject of a number of research analyst reports. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer decreased their target price 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. TD Cowen decreased their target price on 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, Daiwa America raised Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sony Group 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.