Stiles Financial Services Inc Expands Its Investment in Sony Group Co.

Stiles Financial Services Inc has significantly increased its investment in Sony Group Co. (NYSE:SONY) by 371.1% during the fourth quarter of the financial year. Recent disclosures made in the company's 13F filing with the Securities and Exchange Commission reveal that Stiles now owns a total of 80,206 shares after acquiring an additional 63,180 shares during the quarter. As per the latest filing, the value of Stiles Financial Services' holdings in Sony Group amounts to approximately $1,697,000.

Several other institutional investors have made changes to their stakes in Sony Group recently as well. For instance, AQR Capital Management LLC invested in Sony Group during the second quarter with a new stake valued at around $388,000. In the third quarter, Wedmont Private Capital increased its position in the company by 12.9%, now holding 2,767 shares worth about $265,000 after acquiring 316 additional shares. Meyer Handelman Co. also picked up a new stake in the same quarter, valued at approximately $202,000. Furthermore, Ritholtz Wealth Management boosted its holdings by 38.3% in the third quarter, now owning 34,357 shares valued at $3,318,000 after acquiring another 9,517 shares. Cardinal Capital Management Inc. too increased its stake by 1.5% during this period, now owning 318,901 shares worth about $30,796,000. Overall, institutional investors and hedge funds collectively own 14.05% of Sony Group's stock.

Wall Street Provides Insights on Stock Performance

Recently, several equity analysts provided their ratings and projections for Sony Group shares. Oppenheimer revised its target price from $108.00 to $25.00, maintaining an "outperform" rating. In another note dated January 16th, Sanford C. Bernstein began coverage on Sony Group, also issuing an "outperform" rating. Additionally, StockNews.com shifted its rating from a "strong-buy" to a "buy" on November 19th. Overall, the stock has received one hold rating, four buy ratings, and one strong buy rating from analysts, resulting in a consensus rating of "Buy" with a target price averaging around $24.00.

Current Status and Future Outlook

On Monday, Sony Group stock opened at $22.57. The company has a market capitalization of about $136.47 billion, with a price-earnings (PE) ratio of 18.47 and a price-to-earnings-growth ratio of 11.46. The stock's beta is 0.96, indicating moderate volatility. Financial indicators show a current ratio of 0.66, a quick ratio of 0.49, and a debt-to-equity ratio of 0.25. The 50-day moving average price stands at $21.25, while the 200-day moving average price is $14.60. Over the past year, the stock has experienced a low of $15.02 and a high of $23.05.

About Sony Group Co.

Sony Group Corporation operates globally, designing, developing, producing, and selling a wide array of electronic devices and equipment intended for consumers, professionals, and industrial uses. Their offerings include digital content distribution, home gaming consoles, packaged software, and peripheral devices, alongside network services for gaming, video, and music content.

Sony, Investment, Stocks