Sony Group Co. (NYSE:SONY) Stake Lessened by Barclays PLC

Barclays PLC reduced its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 97.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,340 shares of the company's stock after selling 158,767 shares during the period. Barclays PLC's holdings in Sony Group were worth $322,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Commonwealth Equity Services LLC grew its position in Sony Group by 37.5% during the second quarter. Commonwealth Equity Services LLC now owns 32,329 shares of the company's stock valued at $2,746,000 after acquiring an additional 8,811 shares during the period. Addison Advisors LLC grew its holdings in shares of Sony Group by 11.2% during the 2nd quarter. Addison Advisors LLC now owns 2,386 shares of the company's stock worth $203,000 after purchasing an additional 240 shares during the period. Private Advisor Group LLC increased its position in Sony Group by 8.1% during the 2nd quarter. Private Advisor Group LLC now owns 5,932 shares of the company's stock worth $504,000 after purchasing an additional 446 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Sony Group by 11.5% in the second quarter. Sivia Capital Partners LLC now owns 3,446 shares of the company's stock valued at $293,000 after buying an additional 355 shares during the period. Finally, Farley Capital L.P. acquired a new position in Sony Group during the second quarter valued at approximately $395,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Up 1.1 %

NYSE:SONY traded up $0.23 on Friday, reaching $21.32. The stock had a trading volume of 2,296,394 shares, compared to its average volume of 2,469,197. The company has a 50-day moving average of $19.96 and a 200 day moving average of $11.48. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market cap of $128.94 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 13.74 and a beta of 0.98. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $22.71.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SONY shares. TD Cowen cut their target price 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. StockNews.com lowered Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Oppenheimer decreased their target price on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Finally, Daiwa America upgraded Sony Group to a "strong-buy" rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $24.00.

Sony Group Company 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.