Sony Group Co. (NYSE:SONY) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC grew its holdings in Sony Group Co. (NYSE:SONY) by 12.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,636,355 shares of the company’s stock after acquiring an additional 972,075 shares during the quarter. Fisher Asset Management LLC owned about 0.14% of Sony Group worth $834,013,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SONY. American National Bank lifted its position 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 acquiring an additional 119 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Sony Group by 1.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock worth $735,000 after acquiring an additional 124 shares during the period. Belpointe Asset Management LLC boosted its holdings in shares of Sony Group by 1.4% in the second quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock valued at $787,000 after acquiring an additional 128 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Sony Group by 1.7% during the second quarter. Dynamic Advisor Solutions LLC now owns 8,394 shares of the company’s stock worth $713,000 after acquiring an additional 140 shares during the period. Finally, Wealth Alliance raised its holdings in Sony Group by 1.2% during the second quarter. Wealth Alliance now owns 11,977 shares of the company’s stock worth $1,017,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SONY. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. 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 report on Tuesday, November 12th. Finally, TD Cowen reduced their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. One 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’s stock. According to data from MarketBeat.com, Sony Group has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Down 0.1 %

Shares of NYSE:SONY opened at $19.06 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market cap of $115.27 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 12.07 and a beta of 0.95. The stock’s 50-day moving average price is $15.59 and its two-hundred day moving average price is $7.75. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $20.67.

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.