Sony Group Co. (NYSE:SONY) Shares Bought by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd raised its position in Sony Group Co. (NYSE:SONY) by 400.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,950 shares of the company’s stock after purchasing an additional 3,960 shares during the period. JTC Employer Solutions Trustee Ltd’s holdings in Sony Group were worth $105,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mediolanum International Funds Ltd acquired a new stake in shares of Sony Group during the third quarter valued at $109,462,000. Fisher Asset Management LLC boosted its stake in shares of Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after acquiring an additional 972,075 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Sony Group by 8,495.0% during the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after acquiring an additional 838,543 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Sony Group by 601.1% during the third quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company’s stock valued at $24,850,000 after acquiring an additional 220,628 shares during the last quarter. Finally, Alight Capital Management LP purchased a new position in Sony Group during the second quarter worth about $12,742,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SONY shares. Oppenheimer cut their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. TD Cowen lowered their price objective 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. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Daiwa America raised Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Stock Down 1.0 %

Shares of SONY stock traded down $0.21 on Monday, reaching $20.14. 956,317 shares of the company’s stock traded hands, compared to its average volume of 2,863,490. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $22.71. 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 company has a market capitalization of $121.80 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. The business’s 50 day moving average price is $20.26 and its two-hundred day moving average price is $12.10.

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.