Oppenheimer Asset Management Inc. Lowers Stock Position in Sony Group Co. (NYSE:SONY)

Oppenheimer Asset Management Inc. reduced its position in Sony Group Co. (NYSE:SONY) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,894 shares of the company’s stock after selling 742 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Sony Group were worth $9,647,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Sony Group in the 2nd quarter worth about $26,000. Ridgewood Investments LLC acquired a new stake in Sony Group during the 2nd quarter worth approximately $41,000. Family Firm Inc. purchased a new position in Sony Group in the second quarter valued at approximately $44,000. Hobbs Group Advisors LLC acquired a new position in Sony Group during the second quarter valued at approximately $49,000. Finally, Hexagon Capital Partners LLC grew its stake in Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after buying an additional 233 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SONY shares. Oppenheimer cut their target price 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. StockNews.com raised Sony Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, TD Cowen decreased their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Trading Down 0.9 %

NYSE:SONY opened at $18.50 on Thursday. The stock has a market cap of $111.88 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 12.33 and a beta of 0.95. Sony Group Co. has a one year low of $15.02 and a one year high of $20.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.47 and a current ratio of 0.66. The business’s 50-day simple moving average is $13.17 and its 200 day simple moving average is $6.87.

About Sony Group

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.