Sony Group (NYSE:SONY) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Sony Group (NYSE:SONY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning.

SONY has been the subject of several other reports. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. TD Cowen lowered their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $24.00.

Sony Group Stock Performance

Shares of Sony Group stock opened at $18.50 on Monday. The firm has a market capitalization of $111.88 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 12.21 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.47 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $13.47 and its 200 day moving average is $6.95. Sony Group has a 1 year low of $15.02 and a 1 year high of $20.67.

Hedge Funds Weigh In On Sony Group

Hedge funds have recently modified their holdings of the business. American National Bank lifted its holdings in Sony Group by 11.3% during the 2nd quarter. American National Bank now owns 1,172 shares of the company’s stock worth $100,000 after buying an additional 119 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Sony Group by 1.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock valued at $735,000 after acquiring an additional 124 shares during the last quarter. Belpointe Asset Management LLC increased its position in Sony Group by 1.4% during the 2nd quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock valued at $787,000 after purchasing an additional 128 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Sony Group by 1.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 8,394 shares of the company’s stock worth $713,000 after purchasing an additional 140 shares during the last quarter. Finally, Wealth Alliance lifted its position in shares of Sony Group by 1.2% in the 2nd quarter. Wealth Alliance now owns 11,977 shares of the company’s stock worth $1,017,000 after purchasing an additional 141 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.