Sony Group Co. (NYSE:SONY) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its holdings in Sony Group Co. (NYSE:SONY) by 0.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,894 shares of the company’s stock after selling 742 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Sony Group were worth $9,647,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in SONY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Sony Group in the 2nd quarter worth approximately $26,000. Ridgewood Investments LLC purchased a new stake in Sony Group during the second quarter worth $41,000. Family Firm Inc. acquired a new stake in Sony Group in the second quarter valued at $44,000. Hobbs Group Advisors LLC purchased a new position in shares of Sony Group in the second quarter valued at $49,000. Finally, Hexagon Capital Partners LLC boosted its position in shares of 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 buying an additional 233 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Down 0.9 %

Shares of NYSE SONY opened at $18.50 on Thursday. The firm has a market cap of $111.88 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 12.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.47 and a current ratio of 0.66. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $20.67. The firm’s 50 day moving average price is $13.17 and its 200 day moving average price is $6.87.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. TD Cowen dropped their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Oppenheimer dropped 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 note on Tuesday. Daiwa America raised Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, StockNews.com raised Sony Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group 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.