Sony Group Co. (NYSE:SONY) Stock Holdings Decreased by West Family Investments Inc.

West Family Investments Inc. lowered its stake in Sony Group Co. (NYSE:SONYGet Rating) by 13.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,876 shares of the company’s stock after selling 911 shares during the period. West Family Investments Inc.’s holdings in Sony Group were worth $604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Baird Financial Group Inc. boosted its holdings in shares of Sony Group by 50.6% in the 1st quarter. Baird Financial Group Inc. now owns 4,050 shares of the company’s stock valued at $415,000 after buying an additional 1,360 shares during the period. Pekin Hardy Strauss Inc. raised its holdings in shares of Sony Group by 19.5% during the first quarter. Pekin Hardy Strauss Inc. now owns 94,808 shares of the company’s stock valued at $9,738,000 after acquiring an additional 15,485 shares during the period. Sequoia Financial Advisors LLC grew its position in Sony Group by 46.2% during the first quarter. Sequoia Financial Advisors LLC now owns 5,494 shares of the company’s stock valued at $564,000 after purchasing an additional 1,736 shares in the last quarter. Cetera Investment Advisers grew its position in Sony Group by 12.8% in the first quarter. Cetera Investment Advisers now owns 6,265 shares of the company’s stock worth $643,000 after acquiring an additional 711 shares in the last quarter. Finally, RMR Wealth Builders bought a new stake in Sony Group in the first quarter worth approximately $242,000. Institutional investors own 7.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SONY. Macquarie raised shares of Sony Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 8th. TheStreet downgraded shares of Sony Group from a “b-” rating to a “c+” rating in a report on Tuesday, July 5th. Oppenheimer decreased their price objective on shares of Sony Group from $150.00 to $125.00 and set a “na” rating for the company in a report on Wednesday, May 18th. The Goldman Sachs Group initiated coverage on shares of Sony Group in a report on Wednesday. They set a “neutral” rating for the company. Finally, Citigroup downgraded shares of Sony Group from a “buy” rating to a “neutral” rating in a report on Tuesday, July 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sony Group has an average rating of “Hold” and a consensus price target of $125.00.

Sony Group Price Performance

NYSE:SONY opened at $74.19 on Friday. The stock has a market cap of $91.77 billion, a P/E ratio of 12.14, a PEG ratio of 2.06 and a beta of 0.89. Sony Group Co. has a one year low of $73.05 and a one year high of $133.75. The company has a fifty day moving average price of $83.35 and a 200 day moving average price of $89.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.60 and a quick ratio of 0.47.

Sony Group (NYSE:SONYGet Rating) last released its earnings results on Friday, July 29th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.15 by $0.20. The firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $19.36 billion. Sony Group had a net margin of 8.91% and a return on equity of 11.54%. Analysts anticipate that Sony Group Co. will post 5.58 earnings per share for the current year.

Sony Group Company Profile

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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 and portable game consoles, packaged software, and peripheral devices.

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Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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