Sony Group (NYSE:SONY) Now Covered by Analysts at Sanford C. Bernstein

Equities research analysts at Sanford C. Bernstein assumed coverage on shares of Sony Group (NYSE:SONY) in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The firm set an “outperform” rating on the stock.

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

Sony Group Trading Up 3.0 %

Shares of SONY stock opened at $20.47 on Thursday. Sony Group has a fifty-two week low of $15.02 and a fifty-two week high of $22.71. The firm’s 50 day moving average price is $20.34 and its two-hundred day moving average price is $12.33. The stock has a market cap of $123.80 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 12.41 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.

Hedge Funds Weigh In On Sony Group

A number of institutional investors have recently made changes to their positions in SONY. Clarius Group LLC increased its stake in shares of Sony Group by 400.0% in the fourth quarter. Clarius Group LLC now owns 34,065 shares of the company’s stock worth $721,000 after buying an additional 27,252 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in Sony Group by 500.7% during the 4th quarter. Aaron Wealth Advisors LLC now owns 50,233 shares of the company’s stock worth $1,063,000 after acquiring an additional 41,871 shares in the last quarter. Whitaker Myers Wealth Managers LTD. bought a new stake in shares of Sony Group in the 4th quarter worth about $307,000. Financial Management Professionals Inc. raised its stake in shares of Sony Group by 390.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,821 shares of the company’s stock valued at $60,000 after purchasing an additional 2,246 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Sony Group by 378.4% during the fourth quarter. HB Wealth Management LLC now owns 12,592 shares of the company’s stock worth $266,000 after purchasing an additional 9,960 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

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.