Newbridge Financial Services Group Inc. Makes New Investment in Sony Group Co. (NYSE:SONY)

Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,215 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds have also recently bought and sold shares of the business. Kestra Private Wealth Services LLC acquired a new position in Sony Group during the fourth quarter worth $1,041,000. Stephens Inc. AR increased its position in Sony Group by 371.0% during the fourth quarter. Stephens Inc. AR now owns 14,303 shares of the company’s stock worth $303,000 after buying an additional 11,266 shares during the last quarter. WCM Investment Management LLC increased its position in Sony Group by 863.5% during the fourth quarter. WCM Investment Management LLC now owns 102,269 shares of the company’s stock worth $2,169,000 after buying an additional 91,655 shares during the last quarter. Advisory Resource Group increased its position in Sony Group by 361.7% during the fourth quarter. Advisory Resource Group now owns 50,057 shares of the company’s stock worth $1,059,000 after buying an additional 39,216 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in Sony Group by 380.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,278 shares of the company’s stock worth $302,000 after buying an additional 11,306 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on SONY. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer lowered 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. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $24.00.

Sony Group Trading Down 0.3 %

Shares of NYSE:SONY opened at $22.36 on Wednesday. The company has a market cap of $135.23 billion, a P/E ratio of 18.30, a P/E/G ratio of 11.46 and a beta of 0.96. The stock’s 50-day moving average is $21.33 and its 200-day moving average is $14.87. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $23.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

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.