Cerity Partners LLC Raises Stake in Sony Group Co. (NYSE:SONY)

Cerity Partners LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 35.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,946 shares of the company's stock after purchasing an additional 39,208 shares during the period. Cerity Partners LLC's holdings in Sony Group were worth $14,480,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

SONY has been the subject of several research reports. Daiwa America raised Sony Group to a "strong-buy" rating in a report on Wednesday, September 18th. StockNews.com lowered shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Oppenheimer cut their target price 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 lowered their price objective on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. One investment 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $24.00.

Sony Group Stock Performance

Shares of Sony Group stock traded down $0.07 during trading hours on Tuesday, hitting $19.35. 982,423 shares of the company were exchanged, compared to its average volume of 3,845,871. The stock has a market capitalization of $117.02 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 12.07 and a beta of 0.95. The business has a 50-day moving average of $15.90 and a 200-day moving average of $7.86. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $20.67.

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.