CreativeOne Wealth LLC Buys New Shares in Sony Group Co. (NYSE:SONY)

CreativeOne Wealth LLC bought a new stake in Sony Group Co. (NYSE:SONY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,079 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SONY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Sony Group during the 2nd quarter worth about $26,000. Ridgewood Investments LLC acquired a new stake in Sony Group during the 2nd quarter worth about $41,000. Family Firm Inc. acquired a new stake in Sony Group during the 2nd quarter worth about $44,000. Hobbs Group Advisors LLC acquired a new stake in Sony Group during the 2nd quarter worth about $49,000. Finally, Hexagon Capital Partners LLC grew its position in Sony Group by 38.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after purchasing an additional 233 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SONY has been the topic of several analyst reports. Oppenheimer cut their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. TD Cowen lowered their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. StockNews.com lowered shares of 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 research note on Wednesday, September 18th. One 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 company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $24.00.

Sony Group Trading Up 2.3 %

Shares of Sony Group stock opened at $20.48 on Wednesday. The firm has a market capitalization of $123.83 billion, a PE ratio of 16.75, a P/E/G ratio of 12.67 and a beta of 0.98. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $20.67. The firm’s 50-day moving average price is $17.51 and its 200 day moving average price is $8.45. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

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.