Pacific Capital Wealth Advisors Inc. Acquires 1,448 Shares of Sony Group Co. (NYSE:SONY)

Pacific Capital Wealth Advisors Inc. lifted its holdings in Sony Group Co. (NYSE:SONY) by 400.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,810 shares of the company’s stock after acquiring an additional 1,448 shares during the period. Pacific Capital Wealth Advisors Inc.’s holdings in Sony Group were worth $38,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its holdings in Sony Group by 110.6% during the 2nd quarter. Hsbc Holdings PLC now owns 5,088 shares of the company’s stock valued at $432,000 after purchasing an additional 53,311 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Sony Group in the second quarter worth $388,000. Creative Planning lifted its position in shares of Sony Group by 2.7% during the second quarter. Creative Planning now owns 284,636 shares of the company’s stock worth $24,180,000 after purchasing an additional 7,401 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sony Group by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company’s stock valued at $1,660,000 after purchasing an additional 549 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in shares of Sony Group by 20.6% in the second quarter. EP Wealth Advisors LLC now owns 9,315 shares of the company’s stock worth $791,000 after purchasing an additional 1,592 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on SONY shares. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer lowered their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, TD Cowen lowered their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. One investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $24.00.

Sony Group Price Performance

NYSE SONY opened at $21.01 on Tuesday. The company has a market cap of $127.03 billion, a PE ratio of 17.19, a P/E/G ratio of 13.02 and a beta of 0.95. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71. 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 firm’s 50 day moving average price is $20.72 and its 200-day moving average price is $13.43.

Sony Group Company 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.