Clark Estates Inc. NY Invests $7.24 Million in Sony Group Co. (NYSE:SONY)

Clark Estates Inc. NY purchased a new stake in Sony Group Co. (NYSE:SONY) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 75,000 shares of the company’s stock, valued at approximately $7,243,000. Sony Group makes up about 1.3% of Clark Estates Inc. NY’s investment portfolio, making the stock its 14th biggest holding.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on SONY. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer dropped their price target 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. 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 research report on Friday, October 11th. Finally, Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a 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 given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Price Performance

SONY stock opened at $19.37 on Wednesday. The stock has a market capitalization of $117.14 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 12.30 and a beta of 0.95. The stock’s fifty day simple moving average is $15.90 and its 200-day simple moving average is $7.86. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $20.67. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

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.