Sony Group Co. (NYSE:SONY) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its position in Sony Group Co. (NYSE:SONY) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,629 shares of the company’s stock after acquiring an additional 599 shares during the quarter. First Horizon Advisors Inc.’s holdings in Sony Group were worth $447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Commerce Bank purchased a new stake in shares of Sony Group during the third quarter worth $231,000. West Family Investments Inc. increased its holdings in Sony Group by 13.0% during the 3rd quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock worth $524,000 after purchasing an additional 623 shares during the period. OneAscent Financial Services LLC acquired a new stake in Sony Group in the 3rd quarter valued at about $208,000. Pathstone Holdings LLC boosted its stake in shares of Sony Group by 1.8% in the 3rd quarter. Pathstone Holdings LLC now owns 57,661 shares of the company’s stock valued at $5,568,000 after buying an additional 1,045 shares during the period. Finally, Drive Wealth Management LLC acquired a new position in shares of Sony Group during the third quarter worth about $201,000. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Sony Group Stock Performance

Shares of Sony Group stock opened at $19.07 on Friday. The company has a fifty day simple moving average of $15.59 and a 200-day simple moving average of $7.68. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $20.67. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market cap of $115.30 billion, a price-to-earnings ratio of 15.60, a PEG 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.