Raelipskie Partnership Sells 2,223 Shares of Sony Group Co. (NYSE:SONY)

Raelipskie Partnership decreased its stake in shares of Sony Group Co. (NYSE:SONY) by 16.0% in the 3rd quarter, Holdings Channel reports. The fund owned 11,628 shares of the company’s stock after selling 2,223 shares during the quarter. Raelipskie Partnership’s holdings in Sony Group were worth $1,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Continuum Advisory LLC boosted its position in Sony Group by 418.0% during the 3rd quarter. Continuum Advisory LLC now owns 4,802 shares of the company’s stock worth $464,000 after acquiring an additional 3,875 shares during the last quarter. LRI Investments LLC boosted its holdings in Sony Group by 400.0% during the third quarter. LRI Investments LLC now owns 12,655 shares of the company’s stock worth $1,222,000 after purchasing an additional 10,124 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Sony Group by 10.9% in the 3rd quarter. MML Investors Services LLC now owns 63,102 shares of the company’s stock valued at $6,094,000 after acquiring an additional 6,191 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in Sony Group by 2.0% in the third quarter. Orion Portfolio Solutions LLC now owns 66,919 shares of the company’s stock valued at $6,462,000 after purchasing an additional 1,287 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Sony Group by 231.9% in the third quarter. Quantinno Capital Management LP now owns 85,412 shares of the company’s stock valued at $8,248,000 after buying an additional 59,679 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Up 0.2 %

Shares of SONY opened at $20.94 on Monday. The firm has a 50 day simple moving average of $18.87 and a two-hundred day simple moving average of $8.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a one year low of $15.02 and a one year high of $21.09. The company has a market cap of $126.64 billion, a P/E ratio of 17.14, a P/E/G ratio of 13.26 and a beta of 0.98.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Daiwa America raised Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen dropped their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Oppenheimer reduced their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $24.00.

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.