Sony Group (NYSE:SONY – Get Free Report) was upgraded by The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Wednesday, MarketBeat Ratings reports.
Separately, StockNews.com started coverage on shares of Sony Group in a research note on Thursday, May 18th. They set a “hold” rating for the company.
Sony Group Price Performance
Sony Group stock opened at $93.81 on Wednesday. The stock has a market cap of $115.76 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 3.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.62 and a quick ratio of 0.46. Sony Group has a 1 year low of $61.72 and a 1 year high of $100.94. The firm has a 50-day moving average of $94.69 and a two-hundred day moving average of $89.71.
Institutional Trading of Sony Group
A number of hedge funds have recently added to or reduced their stakes in the company. Cabot Wealth Management Inc. boosted its holdings in Sony Group by 1.5% during the second quarter. Cabot Wealth Management Inc. now owns 159,346 shares of the company’s stock worth $14,348,000 after buying an additional 2,353 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Sony Group by 2.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 24,291 shares of the company’s stock valued at $2,187,000 after purchasing an additional 561 shares in the last quarter. DMC Group LLC lifted its holdings in Sony Group by 3.0% during the second quarter. DMC Group LLC now owns 4,666 shares of the company’s stock valued at $420,000 after purchasing an additional 135 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Sony Group by 9.5% during the second quarter. Pacer Advisors Inc. now owns 10,808 shares of the company’s stock valued at $973,000 after purchasing an additional 936 shares in the last quarter. Finally, Richelieu Gestion SA lifted its holdings in Sony Group by 28.9% during the second quarter. Richelieu Gestion SA now owns 3,042 shares of the company’s stock valued at $274,000 after purchasing an additional 682 shares in the last quarter. 7.90% of the stock is owned by hedge funds and other institutional investors.
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.
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