Itau Unibanco Holding S.A. Purchases 1,240 Shares of Sony Group Co. (NYSE:SONY)

Itau Unibanco Holding S.A. increased its position in shares of Sony Group Co. (NYSE:SONY) by 29.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,416 shares of the company’s stock after buying an additional 1,240 shares during the period. Itau Unibanco Holding S.A.’s holdings in Sony Group were worth $523,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pictet North America Advisors SA boosted its holdings in Sony Group by 19.4% in the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock valued at $23,561,000 after purchasing an additional 39,688 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in Sony Group by 39.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock worth $9,993,000 after purchasing an additional 29,165 shares during the period. Ellsworth Advisors LLC acquired a new stake in shares of Sony Group during the second quarter worth approximately $1,413,000. Diversify Wealth Management LLC boosted 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. Finally, Creative Planning lifted its holdings in 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 purchasing an additional 7,401 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 0.2 %

NYSE:SONY opened at $20.01 on Tuesday. The company has a market cap of $121.01 billion, a PE ratio of 16.37, a P/E/G ratio of 12.70 and a beta of 0.98. The company’s 50 day moving average is $17.19 and its two-hundred day moving average is $8.33. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $20.67.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Oppenheimer cut their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen decreased their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sony Group 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.