World Investment Advisors LLC Takes Position in Sony Group Co. (NYSE:SONY)

World Investment Advisors LLC purchased a new stake in shares of Sony Group Co. (NYSE:SONY) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 21,465 shares of the company’s stock, valued at approximately $2,073,000.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in Sony Group by 11.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,433 shares of the company’s stock valued at $971,000 after buying an additional 1,205 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Sony Group by 279.8% in the 2nd quarter. Blue Trust Inc. now owns 3,445 shares of the company’s stock worth $295,000 after acquiring an additional 2,538 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Sony Group by 5.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,030 shares of the company’s stock worth $342,000 after purchasing an additional 194 shares during the period. Hobbs Group Advisors LLC acquired a new stake in Sony Group in the 2nd quarter valued at approximately $49,000. Finally, American National Bank raised its position in Sony Group by 11.3% in the second quarter. American National Bank now owns 1,172 shares of the company’s stock valued at $100,000 after purchasing an additional 119 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

Shares of SONY opened at $21.69 on Friday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71. The stock has a market capitalization of $131.17 billion, a PE ratio of 17.78, a PEG ratio of 14.04 and a beta of 0.98. 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 stock has a 50-day simple moving average of $19.14 and a 200-day simple moving average of $9.55.

Analyst Ratings Changes

SONY has been the topic of several research analyst reports. Oppenheimer cut their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. TD Cowen cut their price target 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 lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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.