Assetmark Inc. Grows Position in Sony Group Co. (NYSE:SONY)

Assetmark Inc. boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 4.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,165 shares of the company’s stock after acquiring an additional 3,925 shares during the period. Assetmark Inc.’s holdings in Sony Group were worth $9,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bridgewater Advisors Inc. purchased a new position in shares of Sony Group during the third quarter valued at about $2,515,000. Martin Investment Management LLC boosted its stake in Sony Group by 2.6% during the third quarter. Martin Investment Management LLC now owns 214,359 shares of the company’s stock valued at $20,701,000 after buying an additional 5,475 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Sony Group by 11.5% during the 3rd quarter. QRG Capital Management Inc. now owns 73,663 shares of the company’s stock valued at $7,114,000 after buying an additional 7,572 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Sony Group by 5.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $2,636,000 after acquiring an additional 1,504 shares during the last quarter. Finally, Cambiar Investors LLC raised its holdings in shares of Sony Group by 10.9% during the 3rd quarter. Cambiar Investors LLC now owns 163,228 shares of the company’s stock worth $15,763,000 after acquiring an additional 16,088 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Stock Performance

Shares of SONY stock opened at $19.91 on Monday. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $20.67. The company’s 50 day moving average is $12.57 and its 200 day moving average is $6.65. The firm has a market cap of $120.41 billion, a price-to-earnings ratio of 16.29 and a beta of 0.95. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. TD Cowen lowered their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Sony Group presently has an average rating of “Moderate Buy” and a consensus price target of $13.66.

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.