United Capital Financial Advisers LLC cut its holdings in Sony Group Co. (NYSE:SONY – Get Rating) by 17.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,327 shares of the company’s stock after selling 727 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Sony Group were worth $213,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. LMR Partners LLP boosted its position in shares of Sony Group by 122.1% during the 3rd quarter. LMR Partners LLP now owns 39,305 shares of the company’s stock worth $2,521,000 after purchasing an additional 21,605 shares in the last quarter. Guggenheim Capital LLC grew its stake in Sony Group by 29.6% in the third quarter. Guggenheim Capital LLC now owns 6,432 shares of the company’s stock valued at $412,000 after acquiring an additional 1,469 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Sony Group by 64.3% during the third quarter. Renaissance Technologies LLC now owns 410,800 shares of the company’s stock valued at $26,312,000 after acquiring an additional 160,779 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Sony Group by 4.9% during the third quarter. Lazard Asset Management LLC now owns 88,273 shares of the company’s stock valued at $5,653,000 after acquiring an additional 4,113 shares in the last quarter. Finally, Boothbay Fund Management LLC raised its position in shares of Sony Group by 125.1% during the third quarter. Boothbay Fund Management LLC now owns 19,244 shares of the company’s stock worth $1,233,000 after purchasing an additional 10,694 shares during the period. 7.74% of the stock is currently owned by institutional investors.
Sony Group Price Performance
Shares of NYSE:SONY opened at $88.06 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.23. The stock has a market cap of $108.66 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 2.79 and a beta of 1.06. The stock’s fifty day simple moving average is $85.85 and its two-hundred day simple moving average is $78.61. Sony Group Co. has a 1-year low of $61.72 and a 1-year high of $107.52.
Analyst Ratings Changes
A number of analysts have commented on the stock. Cowen boosted their price target on shares of Sony Group from $102.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a report on Monday, December 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $115.00.
About Sony Group
Sony Group Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and Others.
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