Primecap Management Co. CA Has $2.05 Billion Holdings in Sony Group Co. (NYSE:SONY)

Primecap Management Co. CA decreased its stake in Sony Group Co. (NYSE:SONY) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,270,923 shares of the company’s stock after selling 221,050 shares during the period. Sony Group makes up 1.5% of Primecap Management Co. CA’s portfolio, making the stock its 18th largest holding. Primecap Management Co. CA’s holdings in Sony Group were worth $2,054,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in Sony Group during the second quarter valued at about $26,000. Ridgewood Investments LLC bought a new position in Sony Group in the second quarter worth $41,000. Family Firm Inc. acquired a new stake in Sony Group during the second quarter worth $44,000. Hobbs Group Advisors LLC acquired a new stake in Sony Group during the second quarter worth $49,000. Finally, Hexagon Capital Partners LLC increased its holdings in Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after buying an additional 233 shares during the period. Institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sony Group Stock Up 1.3 %

NYSE:SONY opened at $19.17 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $20.67. The stock’s fifty day simple moving average is $14.98 and its 200-day simple moving average is $7.49. The firm has a market capitalization of $115.93 billion, a P/E ratio of 15.69, a P/E/G ratio of 11.98 and a beta of 0.95.

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.