Mizuho Markets Americas LLC Invests $324,000 in Sony Group Co. (NYSE:SONY)

Mizuho Markets Americas LLC acquired a new stake in Sony Group Co. (NYSE:SONY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,351 shares of the company’s stock, valued at approximately $324,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in shares of Sony Group by 6.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,460 shares of the company’s stock worth $211,000 after buying an additional 150 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Sony Group by 7.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 72,705 shares of the company’s stock worth $6,234,000 after purchasing an additional 5,187 shares during the period. Clearbridge Investments LLC boosted its stake in Sony Group by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock valued at $138,635,000 after purchasing an additional 18,487 shares in the last quarter. Thornburg Investment Management Inc. increased its position in shares of Sony Group by 7.8% during the 1st quarter. Thornburg Investment Management Inc. now owns 169,503 shares of the company’s stock valued at $14,499,000 after purchasing an additional 12,221 shares during the period. Finally, Lake Street Advisors Group LLC raised its stake in shares of Sony Group by 9.0% in the 1st quarter. Lake Street Advisors Group LLC now owns 11,374 shares of the company’s stock worth $975,000 after buying an additional 936 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on SONY shares. Daiwa America raised Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. TD Cowen reduced 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. StockNews.com upgraded shares of Sony Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Oppenheimer reduced their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Sony Group currently has an average rating of “Buy” and an average price target of $24.00.

Sony Group Price Performance

SONY opened at $18.46 on Friday. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $20.67. The company has a quick ratio of 0.47, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $111.64 billion, a P/E ratio of 15.11, a PEG ratio of 11.69 and a beta of 0.95. The stock has a fifty day moving average of $14.06 and a 200-day moving average of $7.17.

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.