Raymond James Trust N.A. Acquires 1,199 Shares of Sony Group Co. (NYSE:SONY)

Raymond James Trust N.A. increased its holdings in shares of Sony Group Co. (NYSE:SONY) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,811 shares of the company’s stock after purchasing an additional 1,199 shares during the period. Raymond James Trust N.A.’s holdings in Sony Group were worth $1,334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Sony Group in the second quarter valued at approximately $26,000. Ridgewood Investments LLC acquired a new position in Sony Group in the 2nd quarter worth $41,000. Family Firm Inc. bought a new position in Sony Group during the 2nd quarter worth about $44,000. Hobbs Group Advisors LLC acquired a new stake in shares of Sony Group in the 2nd quarter valued at about $49,000. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Sony Group by 38.6% in the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after purchasing an additional 233 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SONY has been the subject of a number of research reports. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer lowered their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, TD Cowen reduced their target price on shares of 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, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Stock Down 0.1 %

SONY stock opened at $19.06 on Friday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $20.67. The company has a market cap of $115.27 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 12.08 and a beta of 0.95. 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 business has a 50 day moving average price of $15.59 and a two-hundred day moving average price of $7.71.

Sony Group 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.