Sony Group Co. (NYSE:SONY) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,981 shares of the company’s stock after purchasing an additional 1,323 shares during the quarter. Townsquare Capital LLC’s holdings in Sony Group were worth $4,440,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fisher Asset Management LLC increased its stake in shares of Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after acquiring an additional 972,075 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of Sony Group in the 3rd quarter valued at approximately $109,462,000. Marshall Wace LLP lifted its holdings in shares of Sony Group by 8,495.0% in the 2nd 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 boosted its position in shares of Sony Group by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after purchasing an additional 2,974 shares during the period. Finally, Sei Investments Co. increased its holdings in Sony Group by 3.5% in the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock valued at $51,946,000 after purchasing an additional 20,802 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SONY shares. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer lowered their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. TD Cowen cut their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Price Performance

SONY stock opened at $19.76 on Friday. The business’s 50-day moving average is $16.54 and its two-hundred day moving average is $8.06. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The firm has a market capitalization of $119.50 billion, a P/E ratio of 16.17, a P/E/G ratio of 12.52 and a beta of 0.95. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $20.67.

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.