Sony Group Co. (NYSE:SONY) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 231.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,412 shares of the company's stock after purchasing an additional 59,679 shares during the period. Quantinno Capital Management LP's holdings in Sony Group were worth $8,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in 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 purchasing an additional 972,075 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of Sony Group in the third quarter worth $109,462,000. Marshall Wace LLP lifted 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 buying an additional 838,543 shares during the period. Thrivent Financial for Lutherans grew its holdings 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 valued at $61,579,000 after buying an additional 2,974 shares during the last quarter. Finally, Sei Investments Co. increased its position 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 acquiring an additional 20,802 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SONY. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Oppenheimer reduced their price objective on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. Daiwa America upgraded Sony Group to a "strong-buy" rating in a research report on Wednesday, September 18th. Finally, TD Cowen reduced their price target on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $24.00.

Sony Group Stock Performance

Shares of SONY stock traded up $0.05 on Friday, hitting $20.95. The company had a trading volume of 1,972,978 shares, compared to its average volume of 3,821,534. The firm has a market cap of $126.70 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 12.97 and a beta of 0.98. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $21.09. The company has a 50-day moving average price of $18.53 and a 200-day moving average price of $8.74. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

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.