Simon Quick Advisors LLC Invests $235,000 in Sony Group Co. (NYSE:SONY)

Simon Quick Advisors LLC purchased a new stake in Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,094 shares of the company’s stock, valued at approximately $235,000.

Other hedge funds have also recently bought and sold shares of the company. Hexagon Capital Partners LLC raised its holdings in Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after acquiring an additional 233 shares in the last quarter. General Partner Inc. grew its stake in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after buying an additional 996 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Sony Group by 106.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after buying an additional 716 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Sony Group by 400.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after buying an additional 1,204 shares in the last quarter. Finally, Hilltop National Bank increased its stake in Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after acquiring an additional 1,174 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Down 2.6 %

Shares of NYSE SONY opened at $20.83 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company’s 50 day moving average price is $20.68 and its 200-day moving average price is $13.17. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71. The company has a market capitalization of $125.94 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 13.02 and a beta of 0.95.

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Cowen reduced 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. Oppenheimer dropped their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sony Group currently has an average rating of “Buy” and a consensus 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.