Sony Group Co. (NYSE:SONY) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 12.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,636,355 shares of the company's stock after purchasing an additional 972,075 shares during the period. Fisher Asset Management LLC owned 0.14% of Sony Group worth $834,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Sony Group in the 2nd quarter valued at $26,000. Ridgewood Investments LLC acquired a new stake in shares of Sony Group in the 2nd quarter worth $41,000. Family Firm Inc. acquired a new stake in shares of Sony Group in the 2nd quarter worth $44,000. Hobbs Group Advisors LLC acquired a new stake in shares of Sony Group in the 2nd quarter worth $49,000. Finally, Hexagon Capital Partners LLC increased 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 worth $81,000 after acquiring an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on SONY shares. StockNews.com downgraded Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. TD Cowen cut their target price on Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a research note on Friday, October 11th. Daiwa America raised Sony Group to a "strong-buy" rating in a research note on Wednesday, September 18th. Finally, Oppenheimer cut their target price 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. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $24.00.

Sony Group Trading Up 1.9 %

Shares of NYSE:SONY traded up $0.37 during midday trading on Monday, reaching $19.43. 3,323,527 shares of the company's stock were exchanged, compared to its average volume of 3,858,582. The firm's 50 day simple moving average is $15.90 and its two-hundred day simple moving average is $7.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock has a market cap of $117.48 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 12.07 and a beta of 0.95. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $20.67.

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.