Cerity Partners LLC Purchases 39,208 Shares of Sony Group Co. (NYSE:SONY)

Cerity Partners LLC raised its holdings in Sony Group Co. (NYSE:SONY) by 35.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,946 shares of the company’s stock after buying an additional 39,208 shares during the quarter. Cerity Partners LLC’s holdings in Sony Group were worth $14,480,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SONY. American National Bank boosted its stake in Sony Group by 11.3% in the 2nd quarter. American National Bank now owns 1,172 shares of the company’s stock valued at $100,000 after buying an additional 119 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Sony Group by 1.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock valued at $735,000 after purchasing an additional 124 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in shares of Sony Group by 1.4% in the 2nd quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock worth $787,000 after purchasing an additional 128 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Sony Group by 1.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 8,394 shares of the company’s stock worth $713,000 after purchasing an additional 140 shares in the last quarter. Finally, Wealth Alliance lifted its holdings in Sony Group by 1.2% during the 2nd quarter. Wealth Alliance now owns 11,977 shares of the company’s stock valued at $1,017,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of Sony Group stock opened at $19.43 on Tuesday. The firm has a 50 day simple moving average of $15.90 and a 200 day simple moving average of $7.86. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $20.67. 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 P/E ratio of 15.90, a P/E/G ratio of 12.07 and a beta of 0.95.

Analyst Upgrades and Downgrades

SONY has been the subject of several recent analyst reports. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Oppenheimer cut their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Finally, TD Cowen lowered their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Sony Group currently has a consensus rating of “Buy” and an average target price of $24.00.

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.