Sanctuary Advisors LLC Has $24.85 Million Stake in Sony Group Co. (NYSE:SONY)

Sanctuary Advisors LLC boosted its position in shares of Sony Group Co. (NYSE:SONY) by 601.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 257,329 shares of the company’s stock after purchasing an additional 220,628 shares during the period. Sanctuary Advisors LLC’s holdings in Sony Group were worth $24,850,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SONY. Wealth Enhancement Advisory Services LLC lifted its position in shares of Sony Group by 11.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,433 shares of the company’s stock worth $971,000 after purchasing an additional 1,205 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Sony Group by 4.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 31,934 shares of the company’s stock worth $2,713,000 after buying an additional 1,311 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Sony Group by 279.8% during the 2nd quarter. Blue Trust Inc. now owns 3,445 shares of the company’s stock valued at $295,000 after buying an additional 2,538 shares during the period. Timber Creek Capital Management LLC grew its holdings in shares of Sony Group by 5.0% during the 2nd quarter. Timber Creek Capital Management LLC now owns 55,033 shares of the company’s stock valued at $4,675,000 after acquiring an additional 2,605 shares in the last quarter. Finally, Raelipskie Partnership boosted its position in Sony Group by 4.5% during the second quarter. Raelipskie Partnership now owns 13,851 shares of the company’s stock valued at $1,177,000 after purchasing an additional 600 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Up 1.0 %

Shares of Sony Group stock opened at $22.40 on Friday. The company’s fifty day moving average price is $19.09 and its two-hundred day moving average price is $9.38. The firm has a market capitalization of $135.44 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 14.04 and a beta of 0.98. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. TD Cowen lowered 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. Oppenheimer reduced their target price 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, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.