Founders Capital Management Takes Position in Sony Group Co. (NYSE:SONY)

Founders Capital Management acquired a new stake in Sony Group Co. (NYSE:SONY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 401 shares of the company’s stock, valued at approximately $36,000.

Other hedge funds also recently modified their holdings of the company. Syverson Strege & Co raised its stake in shares of Sony Group by 31,300.0% in the first quarter. Syverson Strege & Co now owns 314 shares of the company’s stock valued at $28,000 after purchasing an additional 313 shares in the last quarter. Operose Advisors LLC acquired a new position in shares of Sony Group in the first quarter valued at $28,000. KB Financial Partners LLC acquired a new position in shares of Sony Group in the first quarter valued at $29,000. JFS Wealth Advisors LLC raised its stake in shares of Sony Group by 116.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $32,000 after purchasing an additional 227 shares in the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new position in Sony Group during the fourth quarter worth $43,000. 8.02% of the stock is owned by institutional investors.

Sony Group Trading Up 0.8 %

Sony Group stock traded up $0.67 during mid-day trading on Friday, hitting $87.17. The stock had a trading volume of 113,709 shares, compared to its average volume of 782,810. The stock has a 50-day simple moving average of $87.73 and a two-hundred day simple moving average of $90.34. The stock has a market capitalization of $107.57 billion, a PE ratio of 15.81, a P/E/G ratio of 3.52 and a beta of 1.04. Sony Group Co. has a 12 month low of $61.72 and a 12 month high of $100.94. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group upgraded Sony Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 12th. TheStreet cut Sony Group from a “b-” rating to a “c+” rating in a report on Wednesday, August 16th. Finally, StockNews.com started coverage on Sony Group in a report on Thursday, August 17th. They issued a “hold” rating on the stock.

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.