Sony Group Co. (NYSE:SONY) Shares Sold by Cwm LLC

Cwm LLC cut its stake in Sony Group Co. (NYSE:SONY) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,933 shares of the company’s stock after selling 4,148 shares during the period. Cwm LLC’s holdings in Sony Group were worth $8,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Morgan Stanley lifted its stake in Sony Group by 0.4% during the 3rd quarter. Morgan Stanley now owns 4,181,880 shares of the company’s stock valued at $344,629,000 after acquiring an additional 15,415 shares during the period. Royal Bank of Canada lifted its stake in Sony Group by 1.0% during the 3rd quarter. Royal Bank of Canada now owns 1,213,293 shares of the company’s stock valued at $99,987,000 after acquiring an additional 12,467 shares during the period. Envestnet Asset Management Inc. lifted its stake in Sony Group by 39.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,067,247 shares of the company’s stock valued at $87,952,000 after acquiring an additional 299,300 shares during the period. Sei Investments Co. lifted its stake in Sony Group by 0.5% during the 3rd quarter. Sei Investments Co. now owns 526,865 shares of the company’s stock valued at $43,419,000 after acquiring an additional 2,459 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Sony Group by 6.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 378,854 shares of the company’s stock valued at $31,221,000 after acquiring an additional 24,427 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Oppenheimer restated an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Stock Performance

SONY opened at $81.56 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. The firm has a fifty day moving average price of $86.48 and a 200 day moving average price of $88.96. Sony Group Co. has a 1 year low of $79.62 and a 1 year high of $100.94. The stock has a market cap of $100.66 billion, a P/E ratio of 15.75 and a beta of 0.98.

Sony Group (NYSE:SONY) last posted its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.32. The firm had revenue of $25.38 billion during the quarter, compared to analysts’ expectations of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. Equities research analysts anticipate that Sony Group Co. will post 5.21 earnings per share for the current year.

Sony Group Company 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.