Sony Group Co. (NYSE:SONY) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. grew its holdings in shares of Sony Group Co. (NYSE:SONY) by 456.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,604 shares of the company’s stock after buying an additional 22,642 shares during the period. Eagle Asset Management Inc.’s holdings in Sony Group were worth $2,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Mediolanum International Funds Ltd acquired a new position in shares of Sony Group in the 3rd quarter valued at $109,462,000. Marshall Wace LLP boosted its stake in Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after acquiring an additional 838,543 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Sony Group by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock valued at $61,579,000 after acquiring an additional 2,974 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Sony Group by 3.5% during the second quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after purchasing an additional 20,802 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Sony Group by 28.3% during the third quarter. Natixis Advisors LLC now owns 353,041 shares of the company’s stock worth $34,093,000 after purchasing an additional 77,870 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Performance

NYSE:SONY opened at $19.43 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The firm has a market cap of $117.48 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 12.07 and a beta of 0.95. The firm’s fifty day moving average price is $15.90 and its 200 day moving average price is $7.86. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $20.67.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Oppenheimer cut their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. 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. Finally, StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $24.00.

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.