Crossmark Global Holdings Inc. Grows Position in Sony Group Co. (NYSE:SONY)

Crossmark Global Holdings Inc. boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 39.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,473 shares of the company's stock after purchasing an additional 29,165 shares during the period. Crossmark Global Holdings Inc.'s holdings in Sony Group were worth $9,993,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SONY. Mediolanum International Funds Ltd acquired a new stake in shares of Sony Group in the 3rd quarter worth $109,462,000. Marshall Wace LLP increased its stake in Sony Group by 8,495.0% during the second quarter. Marshall Wace LLP now owns 848,414 shares of the company's stock valued at $72,073,000 after purchasing an additional 838,543 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Sony Group during the second quarter worth about $18,567,000. Alight Capital Management LP acquired a new stake in Sony Group in the 2nd quarter valued at about $12,742,000. Finally, Delta Capital Management LLC lifted its stake in Sony Group by 400.0% during the third quarter. Delta Capital Management LLC now owns 162,925 shares of the company's stock valued at $15,734,000 after buying an additional 130,340 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on SONY shares. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Thursday, October 17th. TD Cowen lowered their price objective on Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Finally, Daiwa America upgraded Sony Group to a "strong-buy" rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sony Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.66.

Sony Group Stock Performance

SONY stock traded down $0.81 during midday trading on Monday, hitting $19.10. The company's stock had a trading volume of 4,145,938 shares, compared to its average volume of 3,898,819. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $20.67. The stock has a market cap of $115.51 billion, a price-to-earnings ratio of 15.66 and a beta of 0.95. The stock's 50-day moving average price is $12.87 and its 200 day moving average price is $6.76.

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.