Newbridge Financial Services Group Inc. Invests $26,000 in Sony Group Co. (NYSE:SONY)

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

Several other large investors have also modified their holdings of SONY. AQR Capital Management LLC bought a new stake in shares of Sony Group during the 2nd quarter worth $388,000. Creative Planning lifted its holdings in shares of Sony Group by 6.6% in the third quarter. Creative Planning now owns 303,295 shares of the company’s stock valued at $29,289,000 after purchasing an additional 18,659 shares in the last quarter. Cabot Wealth Management Inc. lifted its holdings in shares of Sony Group by 1.0% in the third quarter. Cabot Wealth Management Inc. now owns 165,791 shares of the company’s stock valued at $16,010,000 after purchasing an additional 1,694 shares in the last quarter. Naviter Wealth LLC lifted its holdings in shares of Sony Group by 6.7% in the third quarter. Naviter Wealth LLC now owns 31,130 shares of the company’s stock valued at $3,006,000 after purchasing an additional 1,951 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Sony Group by 8.9% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,611 shares of the company’s stock valued at $735,000 after purchasing an additional 619 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Price Performance

Shares of NYSE:SONY opened at $22.36 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $23.05. The business has a fifty day simple moving average of $21.33 and a 200 day simple moving average of $14.87. The firm has a market cap of $135.23 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 11.46 and a beta of 0.96.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Oppenheimer reduced their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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.