Sony Group Co. (NYSE:SONY) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC cut its holdings in shares of Sony Group Co. (NYSE:SONY) by 16.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,691 shares of the company’s stock after selling 891 shares during the quarter. Summit Trail Advisors LLC’s holdings in Sony Group were worth $453,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Sony Group during the second quarter worth approximately $26,000. Ridgewood Investments LLC purchased a new stake in shares of Sony Group in the 2nd quarter valued at approximately $41,000. Family Firm Inc. acquired a new stake in shares of Sony Group in the 2nd quarter valued at $44,000. Hobbs Group Advisors LLC purchased a new stake in shares of Sony Group during the 2nd quarter worth $49,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after purchasing an additional 233 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SONY. TD Cowen dropped their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Oppenheimer dropped their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Performance

NYSE SONY opened at $19.37 on Wednesday. The company has a fifty day moving average of $15.90 and a two-hundred day moving average of $7.86. The company has a market capitalization of $117.14 billion, a PE ratio of 15.85, a P/E/G ratio of 12.07 and a beta of 0.95. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $20.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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.