Sony Group Co. (NYSE:SONY) Shares Bought by Pitcairn Co.

Pitcairn Co. grew its stake in shares of Sony Group Co. (NYSE:SONY) by 9.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,536 shares of the company’s stock after acquiring an additional 2,641 shares during the quarter. Pitcairn Co.’s holdings in Sony Group were worth $2,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mediolanum International Funds Ltd acquired a new stake in Sony Group during the 3rd quarter worth approximately $109,462,000. Marshall Wace LLP increased its position in Sony Group by 8,495.0% during the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after purchasing an additional 838,543 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Sony Group by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after purchasing an additional 2,974 shares in the last quarter. Sei Investments Co. increased its position in Sony Group by 3.5% during the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after purchasing an additional 20,802 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in Sony Group by 28.3% during the 3rd quarter. Natixis Advisors LLC now owns 353,041 shares of the company’s stock worth $34,093,000 after purchasing an additional 77,870 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SONY. Oppenheimer dropped their target price 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. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, TD Cowen decreased their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Price Performance

NYSE SONY opened at $19.07 on Friday. The stock has a market cap of $115.30 billion, a PE ratio of 15.60, a P/E/G ratio of 12.08 and a beta of 0.95. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $15.59 and a two-hundred day moving average price of $7.68. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $20.67.

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.