World Investment Advisors LLC Makes New Investment in Sony Group Co. (NYSE:SONY)

World Investment Advisors LLC acquired a new stake in Sony Group Co. (NYSE:SONY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,465 shares of the company’s stock, valued at approximately $2,073,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SONY. Ridgewood Investments LLC purchased a new position in Sony Group in the second quarter valued at approximately $41,000. Family Firm Inc. purchased a new position in shares of Sony Group in the 2nd quarter valued at $44,000. Hobbs Group Advisors LLC purchased a new position in shares of Sony Group in the 2nd quarter valued at $49,000. Hexagon Capital Partners LLC lifted its position in Sony Group by 38.6% in the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after acquiring an additional 233 shares during the last quarter. Finally, American National Bank boosted its stake in Sony Group by 11.3% in the second quarter. American National Bank now owns 1,172 shares of the company’s stock valued at $100,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SONY shares. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen decreased 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 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. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Stock Down 3.1 %

SONY opened at $21.69 on Friday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $22.71. The business has a 50 day moving average price of $19.14 and a two-hundred day moving average price of $9.55. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market cap of $131.17 billion, a PE ratio of 17.78, a P/E/G ratio of 14.04 and a beta of 0.98.

Sony Group 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.