Heritage Family Offices LLP Has $1.03 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

Heritage Family Offices LLP boosted its holdings in Sony Group Co. (NYSE:SONY) by 470.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,610 shares of the company’s stock after acquiring an additional 40,084 shares during the quarter. Heritage Family Offices LLP’s holdings in Sony Group were worth $1,029,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. General Partner Inc. grew its stake in shares of 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 purchasing an additional 996 shares during the period. Hilltop National Bank boosted its stake 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 buying an additional 1,174 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Sony Group by 400.0% in the fourth 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. Rise Advisors LLC raised its stake in Sony Group by 399.1% during the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock worth $37,000 after acquiring an additional 1,397 shares in the last quarter. Finally, Global Financial Private Client LLC boosted its stake in shares of Sony Group by 302.9% in the 4th quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 1,466 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Trading Up 3.0 %

Shares of NYSE SONY opened at $20.47 on Thursday. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $20.34 and a two-hundred day moving average of $12.33. The company has a market cap of $123.80 billion, a PE ratio of 16.75, a P/E/G ratio of 12.41 and a beta of 0.95.

Analyst Ratings Changes

SONY has been the subject of a number of recent analyst reports. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer dropped their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. 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. Daiwa America raised Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday. They issued 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Sony Group has a consensus rating of “Buy” and an average target price of $24.00.

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.