Chesapeake Capital Corp IL Takes $244,000 Position in Sony Group Co. (NYSE:SONY)

Chesapeake Capital Corp IL bought a new position in shares of Sony Group Co. (NYSE:SONY) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,530 shares of the company’s stock, valued at approximately $244,000.

Other large investors have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its holdings in Sony Group by 6.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,460 shares of the company’s stock valued at $211,000 after acquiring an additional 150 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Sony Group by 7.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 72,705 shares of the company’s stock valued at $6,234,000 after purchasing an additional 5,187 shares during the last quarter. Clearbridge Investments LLC increased its stake 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 worth $138,635,000 after purchasing an additional 18,487 shares during the period. Thornburg Investment Management Inc. lifted its holdings in Sony Group by 7.8% during the 1st quarter. Thornburg Investment Management Inc. now owns 169,503 shares of the company’s stock worth $14,499,000 after purchasing an additional 12,221 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its stake in Sony Group by 9.0% in the 1st quarter. Lake Street Advisors Group LLC now owns 11,374 shares of the company’s stock valued at $975,000 after purchasing an additional 936 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 0.2 %

SONY stock opened at $18.46 on Monday. The company has a market cap of $111.64 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 11.69 and a beta of 0.95. The company has a quick ratio of 0.47, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $20.67. The business has a 50-day simple moving average of $14.06 and a 200 day simple moving average of $7.19.

Analyst Ratings Changes

Several research firms have weighed in on SONY. StockNews.com upgraded Sony Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Oppenheimer cut their price objective 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. Finally, TD Cowen lowered their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. One investment 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 stock. According to MarketBeat, Sony Group has an average rating of “Buy” and a consensus price target 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.