Sanctuary Advisors LLC Buys 220,628 Shares of Sony Group Co. (NYSE:SONY)

Sanctuary Advisors LLC boosted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 601.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,329 shares of the company's stock after purchasing an additional 220,628 shares during the quarter. Sanctuary Advisors LLC's holdings in Sony Group were worth $24,850,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Ridgewood Investments LLC acquired a new stake in Sony Group during the second quarter worth $41,000. Family Firm Inc. bought a new stake in Sony Group in the second quarter valued at about $44,000. Hobbs Group Advisors LLC acquired a new position in Sony Group in the second quarter worth about $49,000. Hexagon Capital Partners LLC raised its position in Sony Group by 38.6% in 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 in the last quarter. Finally, American National Bank boosted its holdings in Sony Group by 11.3% during the second quarter. American National Bank now owns 1,172 shares of the company's stock valued at $100,000 after purchasing an additional 119 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Trading Down 3.1 %

Shares of Sony Group stock traded down $0.69 during trading on Friday, reaching $21.69. 1,473,574 shares of the company were exchanged, compared to its average volume of 3,822,635. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71. The business has a 50-day moving average price of $19.09 and a 200-day moving average price of $9.38. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $131.17 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 14.04 and a beta of 0.98.

Analyst Upgrades and Downgrades

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

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.