Sony Group Co. (NYSE:SONY) Shares Purchased by M&T Bank Corp

M&T Bank Corp grew its holdings in shares of Sony Group Co. (NYSE:SONY) by 1.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 80,858 shares of the company’s stock after acquiring an additional 1,489 shares during the quarter. M&T Bank Corp’s holdings in Sony Group were worth $7,808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SONY. Ridgewood Investments LLC bought a new stake in Sony Group during the second quarter worth approximately $41,000. Hexagon Capital Partners LLC raised its stake in shares of Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after buying an additional 233 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of Sony Group by 1,679.0% in the second quarter. Eagle Bay Advisors LLC now owns 1,441 shares of the company’s stock valued at $122,000 after buying an additional 1,360 shares during the period. Rothschild Investment LLC bought a new position in Sony Group during the second quarter valued at about $123,000. Finally, Brown Brothers Harriman & Co. grew its holdings in Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after acquiring an additional 716 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of SONY opened at $21.02 on Monday. The company has a 50-day moving average of $19.36 and a two-hundred day moving average of $10.18. The stock has a market cap of $127.12 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 13.74 and a beta of 0.98. 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 Co. has a one year low of $15.02 and a one year high of $22.71.

Analysts Set New Price Targets

SONY has been the subject of a number of research analyst reports. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. TD Cowen reduced their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Oppenheimer decreased their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price 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.