Sony Group Co. (NYSE:SONY) Position Raised by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC increased its position in shares of Sony Group Co. (NYSE:SONY) by 393.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,753 shares of the company’s stock after acquiring an additional 8,574 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Sony Group were worth $228,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its holdings in shares of Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after purchasing an additional 972,075 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Sony Group in the third quarter valued at $109,462,000. Marshall Wace LLP lifted its position in shares of Sony Group by 8,495.0% during the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after acquiring an additional 838,543 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Sony Group by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after acquiring an additional 2,974 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Sony Group by 3.5% in the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after acquiring an additional 20,802 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Price Performance

Shares of SONY opened at $20.36 on Friday. The business’s 50-day moving average is $20.26 and its 200-day moving average is $11.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market capitalization of $123.13 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 13.74 and a beta of 0.95. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.71.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. TD Cowen decreased their price target 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. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Oppenheimer reduced their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Finally, StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. 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. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price 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.