Icon Wealth Advisors LLC Sells 3,323 Shares of Sony Group Co. (NYSE:SONY)

Icon Wealth Advisors LLC lowered its stake in Sony Group Co. (NYSE:SONY) by 89.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 385 shares of the company’s stock after selling 3,323 shares during the period. Icon Wealth Advisors LLC’s holdings in Sony Group were worth $37,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Sony Group during the 2nd quarter valued at about $26,000. Ridgewood Investments LLC bought a new stake in Sony Group during the 2nd quarter valued at approximately $41,000. Family Firm Inc. purchased a new position in shares of Sony Group during the 2nd quarter worth approximately $44,000. Hobbs Group Advisors LLC bought a new position in shares of Sony Group in the 2nd quarter worth approximately $49,000. Finally, Hexagon Capital Partners LLC lifted its stake 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 valued at $81,000 after purchasing an additional 233 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Price Performance

Shares of NYSE:SONY opened at $19.43 on Tuesday. The company has a market capitalization of $117.48 billion, a PE ratio of 15.90, a PEG ratio of 12.07 and a beta of 0.95. The business has a fifty day moving average price of $15.90 and a 200-day moving average price of $7.86. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $20.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SONY. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. TD Cowen reduced 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 report on Friday, October 11th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Oppenheimer cut their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued 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 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.