Bruce G. Allen Investments LLC Sells 746 Shares of Sony Group Co. (NYSE:SONY)

Bruce G. Allen Investments LLC trimmed its holdings in shares of Sony Group Co. (NYSE:SONY) by 15.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,963 shares of the company’s stock after selling 746 shares during the period. Bruce G. Allen Investments LLC’s holdings in Sony Group were worth $101,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Sony Group by 422.0% during the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after purchasing an additional 16,094 shares during the last quarter. Yousif Capital Management LLC boosted its position in Sony Group by 400.0% in the 4th quarter. Yousif Capital Management LLC now owns 95,155 shares of the company’s stock valued at $2,013,000 after buying an additional 76,124 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Sony Group by 397.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 16,301 shares of the company’s stock valued at $345,000 after buying an additional 13,025 shares during the period. Stratos Wealth Advisors LLC increased its stake in shares of Sony Group by 410.0% in the 4th quarter. Stratos Wealth Advisors LLC now owns 11,613 shares of the company’s stock valued at $246,000 after buying an additional 9,336 shares during the period. Finally, Bleakley Financial Group LLC raised its position in shares of Sony Group by 447.7% during the fourth quarter. Bleakley Financial Group LLC now owns 17,821 shares of the company’s stock worth $377,000 after acquiring an additional 14,567 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 1.4%

NYSE:SONY opened at $26.70 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12-month low of $15.86 and a 12-month high of $26.95. The stock’s fifty day simple moving average is $24.69 and its 200-day simple moving average is $23.20. The firm has a market capitalization of $161.47 billion, a P/E ratio of 21.67, a P/E/G ratio of 9.95 and a beta of 0.96.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SONY shares. The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating on the stock. Wall Street Zen downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Wolfe Research reaffirmed a “peer perform” rating on shares of Sony Group in a research note on Monday, April 7th. Finally, Oppenheimer reiterated an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sony Group presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

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.