Sony Group Co. (NYSE:SONY) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Sony Group Co. (NYSE:SONY) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 637,656 shares of the company’s stock after acquiring an additional 2,974 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sony Group were worth $61,579,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd acquired a new stake in Sony Group during the third quarter worth approximately $109,462,000. Marshall Wace LLP raised its holdings in Sony Group by 8,495.0% during the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after purchasing an additional 838,543 shares in the last quarter. Sei Investments Co. raised its holdings in Sony Group by 3.5% during the second quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after purchasing an additional 20,802 shares in the last quarter. Natixis Advisors LLC raised its holdings in Sony Group by 28.3% during the third quarter. Natixis Advisors LLC now owns 353,041 shares of the company’s stock worth $34,093,000 after purchasing an additional 77,870 shares in the last quarter. Finally, Minneapolis Portfolio Management Group LLC grew its position in shares of Sony Group by 0.3% during the second quarter. Minneapolis Portfolio Management Group LLC now owns 328,984 shares of the company’s stock worth $27,947,000 after acquiring an additional 921 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Up 2.8 %

SONY opened at $18.97 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.47. The stock has a market capitalization of $114.72 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 11.69 and a beta of 0.95. The business has a 50-day moving average of $14.36 and a two-hundred day moving average of $7.30. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $20.67.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Oppenheimer lowered their target price 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. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target 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.