Sony Group (NYSE:SONY) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Sony Group (NYSE:SONY) from a hold rating to a strong-buy rating in a report issued on Monday.

A number of other research firms also recently issued reports on SONY. TD Cowen cut their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sony Group has a consensus rating of “Buy” and a consensus price target of $13.66.

Sony Group Price Performance

SONY opened at $19.10 on Monday. The stock has a 50-day moving average price of $12.87 and a 200-day moving average price of $6.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47. The firm has a market cap of $115.51 billion, a PE ratio of 15.66 and a beta of 0.95. Sony Group has a 1 year low of $15.02 and a 1 year high of $20.67.

Hedge Funds Weigh In On Sony Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SONY. Clearbridge Investments LLC grew its stake in shares of Sony Group by 1.2% during the first quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock worth $138,635,000 after acquiring an additional 18,487 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of Sony Group during the third quarter worth about $109,462,000. Marshall Wace LLP grew its stake in shares of Sony Group by 8,495.0% during the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after acquiring an additional 838,543 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Sony Group by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after acquiring an additional 2,974 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Sony Group by 3.5% during the second quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after acquiring an additional 20,802 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

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.