Spire Wealth Management Buys 4,770 Shares of Sony Group Co. (NYSE:SONY)

Spire Wealth Management increased its holdings in shares of Sony Group Co. (NYSE:SONY) by 489.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,745 shares of the company’s stock after acquiring an additional 4,770 shares during the quarter. Spire Wealth Management’s holdings in Sony Group were worth $122,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Five Oceans Advisors increased its holdings in shares of Sony Group by 503.7% during the 4th quarter. Five Oceans Advisors now owns 40,814 shares of the company’s stock worth $864,000 after acquiring an additional 34,053 shares during the last quarter. Journey Strategic Wealth LLC grew its holdings in Sony Group by 415.1% in the 4th quarter. Journey Strategic Wealth LLC now owns 29,547 shares of the company’s stock valued at $625,000 after buying an additional 23,811 shares in the last quarter. SYM FINANCIAL Corp acquired a new position in Sony Group in the 4th quarter valued at $265,000. DAVENPORT & Co LLC grew its holdings in Sony Group by 367.6% in the 4th quarter. DAVENPORT & Co LLC now owns 232,041 shares of the company’s stock valued at $4,910,000 after buying an additional 182,417 shares in the last quarter. Finally, Inlet Private Wealth LLC grew its holdings in shares of Sony Group by 374.4% during the 4th quarter. Inlet Private Wealth LLC now owns 288,900 shares of the company’s stock worth $6,113,000 after purchasing an additional 228,000 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Price Performance

Shares of SONY stock opened at $22.57 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. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $23.05. The company has a market cap of $136.47 billion, a P/E ratio of 18.47, a P/E/G ratio of 10.96 and a beta of 0.96. The business has a fifty day simple moving average of $21.25 and a 200 day simple moving average of $14.45.

Analyst Ratings Changes

Several research firms have recently issued reports on SONY. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. TD Cowen reduced their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Oppenheimer reduced their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Company 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.