Sony Group (NYSE:SONY) Now Covered by Analysts at Sanford C. Bernstein

Analysts at Sanford C. Bernstein initiated coverage on shares of Sony Group (NYSE:SONY - Get Free Report) in a report issued on Thursday, Marketbeat reports. The firm set an "outperform" rating on the stock.

Several other research firms have also commented on SONY. TD Cowen cut their price target on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Oppenheimer cut their price target on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. Daiwa America upgraded shares of Sony Group to a "strong-buy" rating in a report on Wednesday, September 18th. Finally, StockNews.com lowered shares of Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $24.00.

Sony Group Trading Down 0.7 %

NYSE SONY traded down $0.15 during mid-day trading on Thursday, hitting $20.36. The company's stock had a trading volume of 4,472,425 shares, compared to its average volume of 3,537,707. Sony Group has a 52-week low of $15.02 and a 52-week high of $22.71. The stock's fifty day simple moving average is $20.39 and its two-hundred day simple moving average is $12.39. 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 firm has a market capitalization of $123.10 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95.

Institutional Trading of Sony Group

Several large investors have recently bought and sold shares of SONY. General Partner Inc. grew its position 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. Hilltop National Bank grew its position in shares of Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after buying an additional 1,174 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock worth $32,000 after buying an additional 1,204 shares in the last quarter. Rise Advisors LLC grew its position in shares of Sony Group by 399.1% during the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company's stock worth $37,000 after buying an additional 1,397 shares in the last quarter. Finally, Global Financial Private Client LLC grew its position in shares of Sony Group by 302.9% during the fourth quarter. Global Financial Private Client LLC now owns 1,950 shares of the company's stock worth $41,000 after buying an additional 1,466 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

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.