Sanctuary Advisors LLC Purchases 220,628 Shares of Sony Group Co. (NYSE:SONY)

Sanctuary Advisors LLC boosted its position in shares of Sony Group Co. (NYSE:SONY) by 601.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 257,329 shares of the company’s stock after buying an additional 220,628 shares during the period. Sanctuary Advisors LLC’s holdings in Sony Group were worth $24,850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new position in shares of Sony Group in the second quarter valued at about $41,000. Family Firm Inc. bought a new position in shares of Sony Group in the second quarter worth about $44,000. Hobbs Group Advisors LLC bought a new stake in shares of Sony Group during the second quarter valued at approximately $49,000. Hexagon Capital Partners LLC boosted its position in Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after buying an additional 233 shares during the last quarter. Finally, American National Bank boosted its holdings in Sony Group by 11.3% in the second quarter. American National Bank now owns 1,172 shares of the company’s stock valued at $100,000 after acquiring an additional 119 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Trading Up 1.0 %

NYSE SONY opened at $22.40 on Friday. Sony Group Co. has a one year low of $15.02 and a one year high of $22.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The firm has a market cap of $135.44 billion, a P/E ratio of 18.33, a P/E/G ratio of 14.04 and a beta of 0.98. The stock’s 50-day moving average is $19.09 and its 200-day moving average is $9.38.

Wall Street Analyst Weigh In

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

Sony Group Company 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.