Sony Group Co. (NYSE:SONY) Given Average Recommendation of "Buy" by Analysts

Shares of Sony Group Co. (NYSE:SONY - Get Free Report) have been given a consensus recommendation of "Buy" by the four brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $24.00.

A number of analysts recently commented on SONY shares. Daiwa America raised Sony Group to a "strong-buy" rating in a research note on Wednesday, September 18th. Oppenheimer dropped their target price on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. StockNews.com cut shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, TD Cowen lowered their price objective on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a report on Friday, October 11th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Mediolanum International Funds Ltd purchased a new position in Sony Group in the 3rd quarter worth approximately $109,462,000. Fisher Asset Management LLC increased its stake in shares of 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. Marshall Wace LLP increased its position in Sony Group by 8,495.0% in 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 in the last quarter. Sanctuary Advisors LLC increased its holdings in Sony Group by 601.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company's stock worth $24,850,000 after acquiring an additional 220,628 shares in the last quarter. Finally, Alight Capital Management LP purchased a new position in shares of Sony Group during the 2nd quarter valued at $12,742,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Up 1.7 %

Shares of NYSE SONY traded up $0.36 during trading hours on Friday, hitting $21.02. The company's stock had a trading volume of 5,678,243 shares, compared to its average volume of 3,844,173. The business has a 50-day simple moving average of $19.36 and a 200-day simple moving average of $10.13. The stock has a market cap of $127.12 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 13.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group has a 12 month low of $15.02 and a 12 month high of $22.71.

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.