Sony Group (NYSE:SONY) Sees Strong Trading Volume – Should You Buy?

Sony Group Co. (NYSE:SONY) saw unusually-strong trading volume on Friday . Approximately 2,118,368 shares were traded during trading, a decline of 21% from the previous session’s volume of 2,693,015 shares.The stock last traded at $20.31 and had previously closed at $20.77.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. TD Cowen reduced their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Oppenheimer cut their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, StockNews.com cut 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Stock Down 2.0 %

The stock has a market cap of $123.13 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 13.74 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 firm has a fifty day moving average of $20.26 and a 200 day moving average of $12.04.

Institutional Trading of Sony Group

A number of large investors have recently bought and sold shares of SONY. Hexagon Capital Partners LLC boosted its stake in shares of Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after buying an additional 233 shares during the period. General Partner Inc. raised its stake in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after acquiring an additional 716 shares during the period. Hilltop National Bank grew its stake in shares of Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Rise Advisors LLC increased its holdings in shares of Sony Group by 399.1% in the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock valued at $37,000 after purchasing an additional 1,397 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

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.