Sony Group Co. (NYSE:SONY) Receives $24.00 Consensus PT from Analysts

Shares of Sony Group Co. (NYSE:SONY - Get Free Report) have been assigned a consensus rating of "Buy" from the four analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $24.00.

A number of research firms recently weighed in on SONY. TD Cowen dropped 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 note on Friday, October 11th. Oppenheimer decreased 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. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Finally, Daiwa America upgraded shares of Sony Group to a "strong-buy" rating in a research report on Wednesday, September 18th.

Sony Group Price Performance

Shares of Sony Group stock traded up $0.59 during midday trading on Wednesday, reaching $20.47. The company had a trading volume of 4,728,578 shares, compared to its average volume of 3,433,270. 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 stock has a fifty day simple moving average of $20.34 and a 200 day simple moving average of $12.33. Sony Group has a 1-year low of $15.02 and a 1-year high of $22.71. The company has a market capitalization of $123.80 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95.

Hedge Funds Weigh In On Sony Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC raised its stake in shares of Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company's stock valued at $81,000 after purchasing an additional 233 shares during the period. General Partner Inc. grew its holdings in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after buying an additional 996 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Sony Group by 106.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock valued at $134,000 after buying an additional 716 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Sony Group by 400.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock valued at $32,000 after acquiring an additional 1,204 shares in the last quarter. Finally, Hilltop National Bank boosted its position in Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after acquiring an additional 1,174 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

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.