Sony Group Co. (NYSE:SONY) Stake Boosted by Hilltop National Bank

Hilltop National Bank grew its stake in shares of Sony Group Co. (NYSE:SONY – Free Report) by 346.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,513 shares of the company’s stock after purchasing an additional 1,174 shares during the quarter. Hilltop National Bank’s holdings in Sony Group were worth $32,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SONY. Pictet North America Advisors SA lifted its position in Sony Group by 19.4% in the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after purchasing an additional 39,688 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Sony Group by 39.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock valued at $9,993,000 after acquiring an additional 29,165 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of Sony Group by 511.4% during the 3rd quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after acquiring an additional 42,156 shares during the last quarter. Confluence Investment Management LLC lifted its position in shares of Sony Group by 401.5% during the 4th quarter. Confluence Investment Management LLC now owns 43,135 shares of the company’s stock valued at $913,000 after acquiring an additional 34,533 shares during the last quarter. Finally, Creative Planning lifted its position in shares of Sony Group by 2.7% during the 2nd quarter. Creative Planning now owns 284,636 shares of the company’s stock valued at $24,180,000 after acquiring an additional 7,401 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. TD Cowen cut their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Oppenheimer dropped their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $24.00.

Get Our Latest Stock Analysis on Sony Group

Sony Group Stock Performance

NYSE:SONY opened at $20.36 on Friday. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $22.71. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $123.13 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. The firm has a 50-day moving average price of $20.26 and a 200 day moving average price of $11.97.

About Sony Group

(Free Report)

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.

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