Sony Group Co. (NYSE:SONY) Given Consensus Recommendation of “Buy” by Analysts

Shares of Sony Group Co. (NYSE:SONY) have been given an average recommendation of “Buy” by the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $28.00.

A number of equities analysts have recently commented on SONY shares. Wolfe Research reissued a “peer perform” rating on shares of Sony Group in a report on Monday, April 7th. The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a “buy” rating for the company. Wall Street Zen downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Oppenheimer reiterated an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th.

Sony Group Stock Performance

Sony Group stock opened at $25.90 on Friday. The business has a 50 day moving average of $25.06 and a 200-day moving average of $23.38. The company has a market capitalization of $156.64 billion, a P/E ratio of 21.02, a P/E/G ratio of 9.95 and a beta of 0.96. Sony Group has a 1 year low of $15.86 and a 1 year high of $26.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Hedge Funds Weigh In On Sony Group

Several institutional investors and hedge funds have recently modified their holdings of SONY. Primecap Management Co. CA lifted its holdings in Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares in the last quarter. Aristotle Capital Management LLC grew its position in shares of Sony Group by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company’s stock valued at $1,116,653,000 after buying an additional 42,083,842 shares during the last quarter. Fisher Asset Management LLC raised its stake in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after acquiring an additional 36,783,737 shares during the period. Bank of America Corp DE boosted its stake in Sony Group by 377.7% in the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company’s stock valued at $503,713,000 after acquiring an additional 18,821,902 shares during the period. Finally, Fiduciary Management Inc. WI lifted its holdings in shares of Sony Group by 377.2% in the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company’s stock worth $218,382,000 after purchasing an additional 8,157,776 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

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.