Mizuho Markets Americas LLC Takes Position in Sony Group Co. (NYSE:SONY)

Mizuho Markets Americas LLC acquired a new position in shares of Sony Group Co. (NYSE:SONY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,351 shares of the company’s stock, valued at approximately $324,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Sony Group in the 2nd quarter valued at $26,000. Ridgewood Investments LLC acquired a new position in Sony Group during the second quarter valued at approximately $41,000. Family Firm Inc. purchased a new position in Sony Group in the second quarter valued at about $44,000. Hobbs Group Advisors LLC acquired a new stake in shares of Sony Group in the second quarter valued at about $49,000. Finally, Hexagon Capital Partners LLC lifted its position in Sony Group by 38.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after acquiring an additional 233 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Down 0.2 %

Shares of NYSE:SONY opened at $18.46 on Friday. The company’s fifty day moving average is $14.06 and its two-hundred day moving average is $7.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.47 and a current ratio of 0.66. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $20.67. The stock has a market capitalization of $111.64 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 11.69 and a beta of 0.95.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Sony Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. TD Cowen dropped their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Oppenheimer dropped 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 report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $24.00.

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.