Rehmann Capital Advisory Group Invests $220,000 in Sony Group Co. (NYSE:SONY)

Rehmann Capital Advisory Group acquired a new stake in Sony Group Co. (NYSE:SONY) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,241 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds have also recently added to or reduced their stakes in SONY. Pictet North America Advisors SA boosted its position in shares of Sony Group by 19.4% during the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after purchasing an additional 39,688 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Sony Group by 39.2% during the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock worth $9,993,000 after acquiring an additional 29,165 shares in the last quarter. Diversify Wealth Management LLC grew its stake in Sony Group by 511.4% in the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after acquiring an additional 42,156 shares during the period. Creative Planning increased its holdings in shares of Sony Group by 2.7% in the second quarter. Creative Planning now owns 284,636 shares of the company’s stock worth $24,180,000 after acquiring an additional 7,401 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after purchasing an additional 972,075 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of SONY opened at $21.69 on Friday. The company has a 50 day moving average of $19.14 and a 200-day moving average of $9.51. 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 stock has a market capitalization of $131.17 billion, a P/E ratio of 17.78, a P/E/G ratio of 14.04 and a beta of 0.98. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71.

Wall Street Analyst Weigh In

SONY has been the subject of a number of research reports. Oppenheimer lowered their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average 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.