Sony Group Co. (NYSE:SONY) Receives Average Rating of “Buy” from Brokerages

Shares of Sony Group Co. (NYSE:SONY) have been given a consensus rating of “Buy” by the five analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.00.

A number of equities research analysts have issued reports on the stock. Oppenheimer reduced their price objective 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 lowered Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. 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 research note on Friday, October 11th.

Sony Group Price Performance

SONY opened at $20.92 on Wednesday. The firm’s fifty day moving average price is $20.52 and its two-hundred day moving average price is $12.94. The company has a market capitalization of $126.49 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 12.85 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group has a 1 year low of $15.02 and a 1 year high of $22.71.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. General Partner Inc. boosted its position in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares during the last quarter. Hilltop National Bank raised its stake 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 acquiring an additional 1,174 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake 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 acquiring an additional 1,204 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of Sony Group by 399.1% in the 4th quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock worth $37,000 after acquiring an additional 1,397 shares during the last quarter. Finally, Global Financial Private Client LLC raised its position in Sony Group by 302.9% in the 4th quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock worth $41,000 after purchasing an additional 1,466 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

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.