Aljian Capital Management LLC Purchases Shares of 3,126 Sony Group Co. (NYSE:SONY)

Aljian Capital Management LLC acquired a new position in Sony Group Co. (NYSE:SONY) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,126 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds have also recently made changes to their positions in SONY. Thrivent Financial for Lutherans lifted its stake in Sony Group by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after purchasing an additional 2,974 shares in the last quarter. Chesapeake Capital Corp IL bought a new stake in shares of Sony Group in the third quarter worth about $244,000. Natixis Advisors LLC lifted its position in shares of Sony Group by 28.3% in the third quarter. Natixis Advisors LLC now owns 353,041 shares of the company’s stock worth $34,093,000 after buying an additional 77,870 shares in the last quarter. Mizuho Markets Americas LLC bought a new position in Sony Group during the third quarter valued at approximately $324,000. Finally, Delta Financial Advisors LLC purchased a new position in Sony Group during the 3rd quarter valued at approximately $202,000. Institutional investors own 14.05% of the company’s stock.

Sony Group Trading Down 0.2 %

SONY stock opened at $18.46 on Monday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $20.67. The stock has a market capitalization of $111.64 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 11.69 and a beta of 0.95. The company has a quick ratio of 0.47, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $14.06 and its two-hundred day simple moving average is $7.19.

Wall Street Analysts Forecast Growth

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