Tidal Investments LLC Takes $244,000 Position in Sony Group Co. (NYSE:SONY)

Tidal Investments LLC bought a new position in Sony Group Co. (NYSE:SONY) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 2,530 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Sony Group by 56.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,578 shares of the company’s stock valued at $644,000 after acquiring an additional 2,726 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Sony Group by 1.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 24,153 shares of the company’s stock valued at $2,052,000 after purchasing an additional 351 shares during the last quarter. Financial Advocates Investment Management boosted its stake in shares of Sony Group by 6.4% during the second quarter. Financial Advocates Investment Management now owns 3,248 shares of the company’s stock valued at $276,000 after purchasing an additional 194 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Sony Group by 1.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock worth $735,000 after purchasing an additional 124 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new position in shares of Sony Group in the second quarter worth $41,000. 14.05% of the stock is owned by institutional investors.

Sony Group Trading Down 0.1 %

Shares of SONY opened at $21.14 on Thursday. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71. 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 50-day moving average price is $19.50 and its 200-day moving average price is $10.55. The firm has a market capitalization of $127.85 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 13.74 and a beta of 0.98.

Analyst Ratings Changes

SONY has been the subject of several analyst reports. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen cut their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, Oppenheimer dropped their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $24.00.

About Sony Group

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.