Townsquare Capital LLC Boosts Stock Position in Sony Group Co. (NYSE:SONY)

Townsquare Capital LLC increased its position in shares of Sony Group Co. (NYSE:SONY) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,981 shares of the company’s stock after purchasing an additional 1,323 shares during the quarter. Townsquare Capital LLC’s holdings in Sony Group were worth $4,440,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SONY. Pictet North America Advisors SA lifted its stake 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 valued at $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 valued at $9,993,000 after purchasing an additional 29,165 shares during the period. Ellsworth Advisors LLC purchased a new stake in Sony Group in the second quarter valued at $1,413,000. Diversify Wealth Management LLC grew its position in Sony Group by 511.4% during the 3rd quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock worth $4,867,000 after purchasing an additional 42,156 shares during the period. Finally, Creative Planning raised its stake in shares of 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 buying an additional 7,401 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of NYSE SONY opened at $19.76 on Friday. 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 $119.50 billion, a PE ratio of 16.17, a PEG ratio of 12.52 and a beta of 0.95. Sony Group Co. has a one year low of $15.02 and a one year high of $20.67. The firm has a fifty day moving average of $16.54 and a 200 day moving average of $8.06.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Oppenheimer decreased their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, TD Cowen decreased their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average 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.