BSW Wealth Partners Takes $302,000 Position in Sony Group Co. (NYSE:SONY)

BSW Wealth Partners acquired a new position in shares of Sony Group Co. (NYSE:SONY) during the fourth quarter, HoldingsChannel reports. The fund acquired 14,258 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its holdings in shares of Sony Group by 110.6% in the 2nd quarter. Hsbc Holdings PLC now owns 5,088 shares of the company’s stock worth $432,000 after acquiring an additional 53,311 shares during the period. AQR Capital Management LLC acquired a new stake in Sony Group in the second quarter valued at $388,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Sony Group by 2.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company’s stock valued at $1,660,000 after buying an additional 549 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of Sony Group by 20.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,315 shares of the company’s stock worth $791,000 after buying an additional 1,592 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Sony Group by 27.8% in the 2nd quarter. Cetera Investment Advisers now owns 42,795 shares of the company’s stock worth $3,635,000 after buying an additional 9,300 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Stock Performance

Shares of SONY opened at $22.13 on Thursday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71. The company’s 50 day simple moving average is $20.83 and its 200 day simple moving average is $13.61. The company has a market capitalization of $133.82 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 13.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Analyst Ratings Changes

Several equities analysts have weighed in on SONY shares. TD Cowen dropped their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, Oppenheimer cut 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. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sony Group has an average rating of “Buy” and a consensus price target of $24.00.

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.