Blueshift Asset Management LLC Has $2.65 Million Position in Sony Group Co. (NYSE:SONY)

Blueshift Asset Management LLC lifted its stake in Sony Group Co. (NYSE:SONY) by 95.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,468 shares of the company’s stock after acquiring an additional 13,380 shares during the period. Sony Group makes up 0.7% of Blueshift Asset Management LLC’s portfolio, making the stock its 27th largest holding. Blueshift Asset Management LLC’s holdings in Sony Group were worth $2,653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SONY. American National Bank increased its holdings in shares of Sony Group by 11.3% in the second quarter. American National Bank now owns 1,172 shares of the company’s stock worth $100,000 after acquiring an additional 119 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Sony Group by 1.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock worth $735,000 after acquiring an additional 124 shares during the period. Belpointe Asset Management LLC grew its position in Sony Group by 1.4% in the second quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock valued at $787,000 after acquiring an additional 128 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Sony Group by 1.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 8,394 shares of the company’s stock valued at $713,000 after acquiring an additional 140 shares in the last quarter. Finally, Wealth Alliance increased its position in Sony Group by 1.2% in the 2nd quarter. Wealth Alliance now owns 11,977 shares of the company’s stock valued at $1,017,000 after acquiring an additional 141 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. TD Cowen decreased their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer lowered their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Price Performance

NYSE:SONY opened at $19.37 on Wednesday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $20.67. The business’s 50-day simple moving average is $15.90 and its two-hundred day simple moving average is $7.86. 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 stock has a market cap of $117.14 billion, a PE ratio of 15.85, a P/E/G ratio of 12.30 and a beta of 0.95.

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.