Sony Group Co. (NYSE:SONY – Get Rating) has earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $109.67.
A number of analysts recently commented on SONY shares. The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Wednesday, September 7th. They issued a “neutral” rating for the company. StockNews.com started coverage on shares of Sony Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Cowen reduced their price target on shares of Sony Group from $144.00 to $102.00 in a research report on Wednesday, November 2nd. Finally, Cowen reduced their price target on shares of Sony Group from $144.00 to $102.00 in a research report on Wednesday, November 2nd.
Hedge Funds Weigh In On Sony Group
Institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new position in shares of Sony Group during the 2nd quarter valued at approximately $25,000. Nvwm LLC increased its holdings in shares of Sony Group by 8,800.0% during the 1st quarter. Nvwm LLC now owns 445 shares of the company’s stock valued at $46,000 after purchasing an additional 440 shares in the last quarter. Motco acquired a new stake in Sony Group in the 3rd quarter valued at $36,000. Hexagon Capital Partners LLC grew its stake in Sony Group by 96.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 588 shares of the company’s stock valued at $48,000 after acquiring an additional 288 shares during the period. Finally, Pinnacle Holdings LLC acquired a new stake in Sony Group in the 1st quarter valued at $61,000. 7.69% of the stock is owned by hedge funds and other institutional investors.
Sony Group Stock Up 3.4 %
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 and portable game consoles, packaged software, and peripheral devices.
- Get a free copy of the StockNews.com research report on Sony Group (SONY)
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