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

Sanford C. Bernstein initiated coverage on shares of Sony Group (NYSE:SONY) in a research report report published on Thursday, Marketbeat.com reports. The firm issued an outperform rating on the stock.

A number of other analysts also recently issued reports on SONY. TD Cowen reduced 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 raised shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Down 0.7 %

SONY opened at $20.36 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock has a market cap of $123.10 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95. The firm’s fifty day moving average is $20.39 and its 200 day moving average is $12.39. Sony Group has a fifty-two week low of $15.02 and a fifty-two week high of $22.71.

Institutional Investors Weigh In On Sony Group

Several institutional investors have recently modified their holdings of the company. Pictet North America Advisors SA raised its holdings in shares of Sony Group by 19.4% in the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock valued at $23,561,000 after buying an additional 39,688 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Sony Group by 39.2% in the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock valued at $9,993,000 after purchasing an additional 29,165 shares in the last quarter. Diversify Wealth Management LLC lifted its stake in shares of Sony Group by 511.4% during the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after buying an additional 42,156 shares during the period. Confluence Investment Management LLC lifted its stake in shares of Sony Group by 401.5% during the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company’s stock valued at $913,000 after buying an additional 34,533 shares during the period. Finally, Creative Planning lifted its stake in shares of Sony Group by 2.7% during the second quarter. Creative Planning now owns 284,636 shares of the company’s stock valued at $24,180,000 after buying an additional 7,401 shares during the period. 14.05% of the stock is 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.