Sony Group Co. (NYSE:SONY) Shares Bought by Hilltop National Bank

Hilltop National Bank boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 346.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,513 shares of the company’s stock after acquiring an additional 1,174 shares during the quarter. Hilltop National Bank’s holdings in Sony Group were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC lifted its holdings in shares of Sony Group by 393.5% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 10,753 shares of the company’s stock valued at $228,000 after buying an additional 8,574 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Sony Group by 373.3% in the 4th quarter. Fortitude Family Office LLC now owns 2,305 shares of the company’s stock valued at $49,000 after buying an additional 1,818 shares during the period. One Wealth Capital Management LLC acquired a new stake in shares of Sony Group in the 4th quarter valued at approximately $253,000. Rise Advisors LLC lifted its holdings in shares of Sony Group by 399.1% in the 4th quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after buying an additional 1,397 shares during the period. Finally, Diversified Trust Co lifted its holdings in shares of Sony Group by 406.6% in the 4th quarter. Diversified Trust Co now owns 10,715 shares of the company’s stock valued at $227,000 after buying an additional 8,600 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Price Performance

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

Wall Street Analyst Weigh In

Several research firms have recently commented on SONY. TD Cowen reduced their price target on 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 note on Tuesday, November 19th. Daiwa America raised Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Oppenheimer dropped their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.