Commerce Bank Buys New Holdings in Sony Group Co. (NYSE:SONY)

Commerce Bank bought a new stake in Sony Group Co. (NYSE:SONY) during the third quarter, HoldingsChannel reports. The fund bought 2,397 shares of the company’s stock, valued at approximately $231,000.

A number of other large investors have also recently bought and sold shares of the company. American National Bank boosted its position in Sony Group by 11.3% in the second quarter. American National Bank now owns 1,172 shares of the company’s stock valued at $100,000 after buying an additional 119 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Sony Group by 1.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock valued at $735,000 after buying an additional 124 shares during the last quarter. Belpointe Asset Management LLC boosted its position in Sony Group by 1.4% in the second quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock valued at $787,000 after buying an additional 128 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Sony Group by 1.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 8,394 shares of the company’s stock worth $713,000 after purchasing an additional 140 shares in the last quarter. Finally, Wealth Alliance boosted its position in Sony Group by 1.2% in the 2nd quarter. Wealth Alliance now owns 11,977 shares of the company’s stock worth $1,017,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 2.0 %

Shares of SONY stock opened at $19.76 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market cap of $119.47 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 12.30 and a beta of 0.95. The stock has a 50 day simple moving average of $16.22 and a 200-day simple moving average of $7.98. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $20.67.

Analyst Ratings Changes

Several research firms have commented on SONY. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. 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 research report on Friday, October 11th. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Oppenheimer lowered 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. One equities 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. According to data from MarketBeat, 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.