Sony Group Co. (NYSE:SONY) Given Average Recommendation of "Buy" by Brokerages

Shares of Sony Group Co. (NYSE:SONY - Get Free Report) have earned a consensus recommendation of "Buy" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. 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. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $28.00.

SONY has been the subject of several recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. StockNews.com upgraded Sony Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th.

Sony Group Stock Up 1.5%

NYSE:SONY opened at $25.05 on Tuesday. Sony Group has a 1-year low of $15.67 and a 1-year high of $26.08. The firm's 50-day moving average price is $24.35 and its 200-day moving average price is $22.46. The company has a market capitalization of $151.49 billion, a PE ratio of 20.33, a P/E/G ratio of 9.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Institutional Trading of Sony Group

A number of large investors have recently added to or reduced their stakes in SONY. Primecap Management Co. CA raised its position in Sony Group by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares during the period. Aristotle Capital Management LLC lifted its holdings in shares of Sony Group by 393.7% in the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after buying an additional 42,083,842 shares during the period. Fisher Asset Management LLC grew its holdings in Sony Group by 425.9% during the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after acquiring an additional 36,783,737 shares in the last quarter. Bank of America Corp DE increased its holdings in Sony Group by 377.7% during the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after buying an additional 18,821,902 shares during the period. Finally, Fiduciary Management Inc. WI lifted its stake in shares of Sony Group by 377.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock worth $218,382,000 after purchasing an additional 8,157,776 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

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.

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