Sony Group Co. (NYSE:SONY) Position Trimmed by Barclays PLC

Barclays PLC lowered its stake in Sony Group Co. (NYSE:SONY) by 97.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hexagon Capital Partners LLC raised its stake in Sony Group by 38.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after purchasing an additional 233 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after buying an additional 716 shares during the last quarter. Drive Wealth Management LLC acquired a new stake in Sony Group in the 3rd quarter worth approximately $201,000. CreativeOne Wealth LLC bought a new stake in shares of Sony Group during the 3rd quarter worth $201,000. Finally, Meyer Handelman Co. bought a new stake in Sony Group during the third quarter valued at about $202,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SONY. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday. They issued an “outperform” rating for the company. Oppenheimer cut 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. Finally, TD Cowen cut their price target 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. One investment 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. Based on data from MarketBeat.com, Sony Group has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Stock Performance

Shares of NYSE:SONY opened at $20.64 on Monday. The business has a fifty day moving average of $20.45 and a 200-day moving average of $12.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71. The firm has a market cap of $124.79 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95.

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.