Wilmington Savings Fund Society FSB Buys New Stake in Sony Group Co. (NYSE:SONY)

Wilmington Savings Fund Society FSB bought a new stake in Sony Group Co. (NYSE:SONY) during the third quarter, according to its most recent filing with the SEC. The firm bought 2,972 shares of the company’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SONY. Wealth Enhancement Advisory Services LLC grew its position in Sony Group by 11.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,433 shares of the company’s stock worth $971,000 after purchasing an additional 1,205 shares during the last quarter. First Horizon Advisors Inc. grew its position in Sony Group by 5.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,030 shares of the company’s stock worth $342,000 after purchasing an additional 194 shares during the last quarter. American National Bank grew its position in Sony Group by 11.3% in the 2nd quarter. American National Bank now owns 1,172 shares of the company’s stock worth $100,000 after purchasing an additional 119 shares during the last quarter. Scharf Investments LLC grew its position in Sony Group by 9.3% in the 2nd quarter. Scharf Investments LLC now owns 20,029 shares of the company’s stock worth $1,701,000 after purchasing an additional 1,706 shares during the last quarter. Finally, &PARTNERS acquired a new stake in Sony Group in the 2nd quarter worth $765,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Up 1.1 %

Shares of NYSE:SONY opened at $21.73 on Wednesday. Sony Group Co. has a 52 week low of $15.02 and a 52 week 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’s fifty day moving average is $19.25 and its 200-day moving average is $9.85. The company has a market capitalization of $131.42 billion, a PE ratio of 17.81, a P/E/G ratio of 13.74 and a beta of 0.98.

Analyst Upgrades and Downgrades

SONY has been the topic of several research analyst reports. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. TD Cowen reduced their price objective 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 lowered their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $24.00.

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.