Financial Counselors Inc. Takes $203,000 Position in Sony Group Co. (NYSE:SONY)

Financial Counselors Inc. purchased a new position in Sony Group Co. (NYSE:SONY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,099 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Sony Group in the 2nd quarter valued at about $26,000. Ridgewood Investments LLC bought a new position in Sony Group in the second quarter valued at approximately $41,000. Family Firm Inc. acquired a new position in Sony Group during the second quarter valued at approximately $44,000. Hobbs Group Advisors LLC bought a new stake in Sony Group during the second quarter worth $49,000. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after purchasing an additional 233 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SONY shares. Oppenheimer lowered their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. TD Cowen decreased their price target 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. Finally, StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sony Group currently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Performance

NYSE:SONY opened at $20.05 on Monday. The stock’s 50-day moving average is $17.19 and its 200-day moving average is $8.29. Sony Group Co. has a 1-year low of $15.02 and a 1-year 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 $121.26 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 12.70 and a beta of 0.95.

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.