Sony Group Co. (NYSE:SONY) Given Consensus Rating of "Buy" by Brokerages

Sony Group Co. (NYSE:SONY - Get Free Report) has earned a consensus recommendation of "Buy" from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $24.00.

SONY has been the subject of a number of research analyst reports. StockNews.com cut shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer cut their price objective 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. TD Cowen reduced their price objective on Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. Finally, Daiwa America upgraded Sony Group to a "strong-buy" rating in a research note on Wednesday, September 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Mediolanum International Funds Ltd acquired a new stake in shares of Sony Group during the 3rd quarter worth approximately $109,462,000. Fisher Asset Management LLC boosted its stake in Sony Group by 12.7% in the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock valued at $834,013,000 after acquiring an additional 972,075 shares during the last quarter. Marshall Wace LLP grew its holdings in Sony Group by 8,495.0% during the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company's stock worth $72,073,000 after acquiring an additional 838,543 shares during the period. Sanctuary Advisors LLC raised its position in shares of Sony Group by 601.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company's stock valued at $24,850,000 after acquiring an additional 220,628 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Sony Group in the 2nd quarter valued at $18,567,000. 14.05% of the stock is currently owned by institutional investors.

Sony Group Price Performance

SONY stock traded down $0.05 during trading on Tuesday, hitting $19.37. 1,767,211 shares of the stock traded hands, compared to its average volume of 3,849,450. The stock has a market cap of $117.14 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 12.07 and a beta of 0.95. Sony Group has a one year low of $15.02 and a one year high of $20.67. 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 company has a 50 day simple moving average of $15.90 and a 200 day simple moving average of $7.86.

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.