Ameliora Wealth Management Ltd. Buys Shares of 2,200 Sony Group Co. (NYSE:SONY)

Ameliora Wealth Management Ltd. bought a new stake in shares of Sony Group Co. (NYSE:SONY) in the first quarter, HoldingsChannel.com reports. The firm bought 2,200 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Silicon Valley Capital Partners grew its position in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after acquiring an additional 927 shares during the period. Capital Analysts LLC grew its position in shares of Sony Group by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after acquiring an additional 936 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Sony Group during the 4th quarter valued at $26,000. Fairscale Capital LLC grew its position in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after acquiring an additional 992 shares during the period. Finally, Accent Capital Management LLC grew its position in shares of Sony Group by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after acquiring an additional 1,104 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SONY. Oppenheimer reissued an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Wall Street Zen downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. The Goldman Sachs Group started coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating for the company. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Sony Group in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sony Group has an average rating of “Moderate Buy” and an average price target of $28.00.

Sony Group Price Performance

Shares of SONY opened at $26.60 on Tuesday. The company has a market cap of $160.87 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. Sony Group Co. has a twelve month low of $15.86 and a twelve month high of $26.95. 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 company has a 50 day moving average of $24.73 and a two-hundred day moving average of $23.25.

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.