Sony Group Co. (NYSE:SONY) Position Increased by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC increased its stake in Sony Group Co. (NYSE:SONY) by 345.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,901 shares of the company’s stock after purchasing an additional 2,250 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Sony Group were worth $61,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Hexagon Capital Partners LLC increased its position in Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after acquiring an additional 233 shares during the period. General Partner Inc. increased its position in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares during the period. Brown Brothers Harriman & Co. increased its position in Sony Group by 106.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after acquiring an additional 716 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in Sony Group by 400.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after acquiring an additional 1,204 shares during the period. Finally, Hilltop National Bank increased its position in Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after acquiring an additional 1,174 shares during the period. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SONY shares. Oppenheimer lowered their target price on 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 Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday. They set an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Performance

Shares of NYSE SONY opened at $20.64 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $124.79 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 12.41 and a beta of 0.95. The stock’s fifty day simple moving average is $20.45 and its 200 day simple moving average is $12.63. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71.

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.