Blueshift Asset Management LLC Acquires 13,380 Shares of Sony Group Co. (NYSE:SONY)

Blueshift Asset Management LLC increased its stake in shares of Sony Group Co. (NYSE:SONY) by 95.0% in the third quarter, HoldingsChannel reports. The firm owned 27,468 shares of the company’s stock after buying an additional 13,380 shares during the period. Sony Group makes up approximately 0.7% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 27th largest position. Blueshift Asset Management LLC’s holdings in Sony Group were worth $2,653,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pictet North America Advisors SA lifted its position in Sony Group by 19.4% during the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after acquiring an additional 39,688 shares during the period. Crossmark Global Holdings Inc. lifted its position in Sony Group by 39.2% during the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock worth $9,993,000 after buying an additional 29,165 shares in the last quarter. Ellsworth Advisors LLC acquired a new stake in shares of Sony Group during the 2nd quarter worth approximately $1,413,000. Diversify Wealth Management LLC raised its holdings in Sony Group by 511.4% in the 3rd quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after buying an additional 42,156 shares during the period. Finally, Creative Planning boosted its holdings in Sony Group by 2.7% during the 2nd quarter. Creative Planning now owns 284,636 shares of the company’s stock valued at $24,180,000 after acquiring an additional 7,401 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Sony Group Stock Performance

Shares of NYSE SONY opened at $19.37 on Wednesday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $20.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a market cap of $117.14 billion, a P/E ratio of 15.85, a PEG ratio of 12.30 and a beta of 0.95. The stock has a fifty day moving average price of $15.90 and a two-hundred day moving average price of $7.86.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Daiwa America raised Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. TD Cowen lowered their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer dropped their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $24.00.

Sony Group Company 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.