Atria Wealth Solutions Inc. increased its position in shares of Sony Group Co. (NYSE:SONY – Free Report) by 47.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,131 shares of the company’s stock after purchasing an additional 4,243 shares during the period. Atria Wealth Solutions Inc.’s holdings in Sony Group were worth $1,082,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. KB Financial Partners LLC acquired a new position in shares of Sony Group during the first quarter worth $29,000. Resurgent Financial Advisors LLC acquired a new position in Sony Group in the fourth quarter valued at $43,000. Pinnacle Holdings LLC acquired a new position in Sony Group in the first quarter valued at $61,000. NBC Securities Inc. acquired a new position in Sony Group in the third quarter valued at $51,000. Finally, SRS Capital Advisors Inc. boosted its stake in Sony Group by 39.7% in the first quarter. SRS Capital Advisors Inc. now owns 668 shares of the company’s stock valued at $61,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds own 8.02% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on SONY shares. Wolfe Research started coverage on shares of Sony Group in a research note on Tuesday, December 12th. They issued an “outperform” rating for the company. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Finally, Benchmark started coverage on shares of Sony Group in a research note on Monday, October 16th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Sony Group presently has a consensus rating of “Moderate Buy”.
Sony Group Price Performance
Shares of SONY opened at $96.15 on Tuesday. Sony Group Co. has a fifty-two week low of $79.62 and a fifty-two week high of $100.94. The company has a market capitalization of $118.67 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 4.21 and a beta of 1.01. The firm has a 50-day simple moving average of $94.57 and a 200-day simple moving average of $88.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.66.
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.
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