Sanford C. Bernstein Initiates Coverage on Sony Group (NYSE:SONY)

Research analysts at Sanford C. Bernstein assumed coverage on shares of Sony Group (NYSE:SONY) in a research note issued to investors on Thursday, Marketbeat reports. The firm set an “outperform” rating on the stock.

Other equities analysts also recently issued reports about the stock. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer cut their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Finally, TD Cowen lowered their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. One investment 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’s stock. According to data from MarketBeat, Sony Group currently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Up 1.5 %

Sony Group stock opened at $20.64 on Thursday. The firm has a market capitalization of $124.79 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95. 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 fifty-two week low of $15.02 and a fifty-two week high of $22.71. The stock’s fifty day moving average is $20.45 and its two-hundred day moving average is $12.56.

Hedge Funds Weigh In On Sony Group

Several institutional investors and hedge funds have recently modified their holdings of SONY. Hexagon Capital Partners LLC grew its stake in 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 period. General Partner Inc. increased its stake in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after buying an additional 716 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted 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 worth $32,000 after buying an additional 1,204 shares during the last quarter. Finally, Hilltop National Bank grew its holdings in Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after buying an additional 1,174 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

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.