Bank of Montreal Can Decreases Stake in Sony Group Co. (NYSE:SONY)

Bank of Montreal Can lessened its stake in shares of Sony Group Co. (NYSE:SONY) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,391 shares of the company’s stock after selling 695 shares during the quarter. Bank of Montreal Can’s holdings in Sony Group were worth $11,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Sony Group in the second quarter worth about $26,000. Ridgewood Investments LLC purchased a new position in shares of Sony Group during the second quarter valued at approximately $41,000. Family Firm Inc. bought a new position in shares of Sony Group during the second quarter valued at approximately $44,000. Hobbs Group Advisors LLC purchased a new stake in Sony Group in the second quarter worth $49,000. Finally, Hexagon Capital Partners LLC boosted its holdings in Sony Group by 38.6% in the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after acquiring an additional 233 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 1.5 %

Shares of NYSE SONY opened at $20.05 on Monday. The stock has a market cap of $121.26 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 12.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $20.67. The firm has a 50-day moving average of $17.19 and a 200 day moving average of $8.29.

Wall Street Analyst Weigh In

Several research analysts have commented on SONY shares. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. TD Cowen decreased their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Oppenheimer cut their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sony Group presently has a consensus rating of “Buy” and an average target price 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.