Sony Group Co. (NYSE:SONY) Holdings Raised by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 28.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 353,041 shares of the company's stock after buying an additional 77,870 shares during the period. Natixis Advisors LLC's holdings in Sony Group were worth $34,093,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Clearbridge Investments LLC increased its position in Sony Group by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company's stock worth $138,635,000 after purchasing an additional 18,487 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Sony Group in the 3rd quarter valued at about $109,462,000. Marshall Wace LLP lifted its stake 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 valued at $72,073,000 after purchasing an additional 838,543 shares in the last quarter. Sei Investments Co. lifted its stake in shares of 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 in the last quarter. Finally, Minneapolis Portfolio Management Group LLC lifted its position in Sony Group by 0.3% during the 2nd quarter. Minneapolis Portfolio Management Group LLC now owns 328,984 shares of the company's stock worth $27,947,000 after acquiring an additional 921 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Cowen dropped their price objective on Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Oppenheimer lowered their price target on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Daiwa America raised Sony Group to a "strong-buy" rating in a research report on Wednesday, September 18th. Finally, StockNews.com raised Sony Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. One research 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $24.00.

Sony Group Price Performance

SONY stock traded up $0.51 during trading hours on Monday, hitting $18.97. 2,875,276 shares of the stock traded hands, compared to its average volume of 3,872,427. The stock has a 50-day simple moving average of $14.06 and a 200 day simple moving average of $7.19. Sony Group Co. has a one year low of $15.02 and a one year high of $20.67. The company has a market cap of $114.72 billion, a P/E ratio of 15.11, a P/E/G ratio of 11.69 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.47 and a debt-to-equity ratio of 0.25.

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.