Barclays PLC Sells 158,767 Shares of Sony Group Co. (NYSE:SONY)

Barclays PLC trimmed its position in Sony Group Co. (NYSE:SONY) by 97.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,340 shares of the company’s stock after selling 158,767 shares during the period. Barclays PLC’s holdings in Sony Group were worth $322,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Continuum Advisory LLC raised its position in Sony Group by 418.0% in the third quarter. Continuum Advisory LLC now owns 4,802 shares of the company’s stock valued at $464,000 after purchasing an additional 3,875 shares during the last quarter. LRI Investments LLC raised its holdings in Sony Group by 400.0% in the 3rd quarter. LRI Investments LLC now owns 12,655 shares of the company’s stock valued at $1,222,000 after buying an additional 10,124 shares during the last quarter. MML Investors Services LLC boosted its position in Sony Group by 10.9% during the 3rd quarter. MML Investors Services LLC now owns 63,102 shares of the company’s stock worth $6,094,000 after buying an additional 6,191 shares during the period. Orion Portfolio Solutions LLC grew its holdings in Sony Group by 2.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 66,919 shares of the company’s stock worth $6,462,000 after acquiring an additional 1,287 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Sony Group by 231.9% during the third quarter. Quantinno Capital Management LP now owns 85,412 shares of the company’s stock valued at $8,248,000 after acquiring an additional 59,679 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SONY shares. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. TD Cowen lowered their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, Oppenheimer reduced their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sony Group currently has an average rating of “Buy” and an average target price of $24.00.

Sony Group Stock Performance

Shares of SONY opened at $21.32 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $19.96 and its two-hundred day simple moving average is $11.42. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $22.71. The stock has a market capitalization of $128.94 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 13.74 and a beta of 0.98.

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.