Oppenheimer Lowers Sony Group (NYSE:SONY) Price Target to $25.00

Sony Group (NYSE:SONY) had its price objective cut by Oppenheimer from $108.00 to $25.00 in a report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued research reports about the company. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com upgraded Sony Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, TD Cowen decreased their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Sony Group currently has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Performance

Shares of SONY opened at $18.50 on Tuesday. Sony Group 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 0.47 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $13.47 and its 200-day moving average price is $6.95. The firm has a market capitalization of $111.88 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 12.21 and a beta of 0.95.

Institutional Trading of Sony Group

A number of hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC increased its position in Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after buying an additional 972,075 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Sony Group by 1.2% during the first quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock valued at $138,635,000 after acquiring an additional 18,487 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Sony Group during the third quarter valued at $109,462,000. Marshall Wace LLP raised its position in shares of Sony Group by 8,495.0% in the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after purchasing an additional 838,543 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Sony Group by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after purchasing an additional 2,974 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

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.