Stiles Financial Services Inc Raises Stock Holdings in Sony Group Co. (NYSE:SONY)

Stiles Financial Services Inc increased its stake in shares of Sony Group Co. (NYSE:SONY) by 371.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,206 shares of the company’s stock after purchasing an additional 63,180 shares during the quarter. Stiles Financial Services Inc’s holdings in Sony Group were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SONY. AQR Capital Management LLC purchased a new stake in shares of Sony Group during the second quarter worth about $388,000. Wedmont Private Capital grew its stake in Sony Group by 12.9% in the 3rd quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock worth $265,000 after acquiring an additional 316 shares during the period. Meyer Handelman Co. purchased a new stake in Sony Group in the 3rd quarter worth approximately $202,000. Ritholtz Wealth Management raised its holdings in Sony Group by 38.3% in the 3rd quarter. Ritholtz Wealth Management now owns 34,357 shares of the company’s stock valued at $3,318,000 after acquiring an additional 9,517 shares during the last quarter. Finally, Cardinal Capital Management Inc. lifted its stake in shares of Sony Group by 1.5% during the 3rd quarter. Cardinal Capital Management Inc. now owns 318,901 shares of the company’s stock worth $30,796,000 after purchasing an additional 4,765 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SONY shares. Oppenheimer dropped their target price 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. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. 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 equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Price Performance

SONY stock opened at $22.57 on Monday. The company has a market cap of $136.47 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96. 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 stock has a 50-day moving average price of $21.25 and a two-hundred day moving average price of $14.60. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $23.05.

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.