Franklin Street Advisors Inc. NC Purchases 13,187 Shares of Sony Group Co. (NYSE:SONY)

Franklin Street Advisors Inc. NC increased its position in Sony Group Co. (NYSE:SONY) by 425.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,286 shares of the company’s stock after acquiring an additional 13,187 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Sony Group were worth $345,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SONY. Wealth Alliance raised its position in Sony Group by 1.2% during the second quarter. Wealth Alliance now owns 11,977 shares of the company’s stock valued at $1,017,000 after purchasing an additional 141 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in Sony Group by 1.8% during the second quarter. Johnson Investment Counsel Inc. now owns 8,346 shares of the company’s stock valued at $709,000 after acquiring an additional 146 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Sony Group by 4.6% during the second quarter. Blair William & Co. IL now owns 4,803 shares of the company’s stock worth $408,000 after acquiring an additional 212 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after acquiring an additional 233 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of Sony Group by 12.9% in the 3rd quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock valued at $265,000 after purchasing an additional 316 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Down 1.6 %

SONY stock traded down $0.33 during trading on Friday, reaching $20.44. The company had a trading volume of 2,939,552 shares, compared to its average volume of 2,854,813. The company has a market cap of $123.61 billion, a P/E ratio of 16.73, a PEG ratio of 13.74 and a beta of 0.95. The business has a 50 day moving average of $20.20 and a 200 day moving average of $11.86. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Analyst Ratings Changes

SONY has been the subject of several analyst reports. TD Cowen cut their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Oppenheimer decreased their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sony Group has a consensus rating of “Buy” and an average price target 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.