Sony Group Co. (NYSE:SONY) Shares Acquired by Fortitude Family Office LLC

Fortitude Family Office LLC lifted its position in shares of Sony Group Co. (NYSE:SONY) by 373.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,305 shares of the company’s stock after acquiring an additional 1,818 shares during the quarter. Fortitude Family Office LLC’s holdings in Sony Group were worth $49,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hexagon Capital Partners LLC grew its position in Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after buying an additional 233 shares during the period. General Partner Inc. grew its position 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 during the period. Brown Brothers Harriman & Co. grew its position in Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after buying an additional 716 shares during the period. Rise Advisors LLC grew its position in Sony Group by 399.1% during the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock worth $37,000 after buying an additional 1,397 shares during the period. Finally, Drive Wealth Management LLC acquired a new stake in shares of Sony Group in the third quarter valued at approximately $201,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

Shares of SONY opened at $20.36 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 has a market capitalization 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’s 50 day simple moving average is $20.26 and its 200 day simple moving average is $11.97. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SONY. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer lowered their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. TD Cowen lowered their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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.