OLD National Bancorp IN Sells 3,057 Shares of Sony Group Co. (NYSE:SONY)

OLD National Bancorp IN trimmed its position in shares of Sony Group Co. (NYSE:SONY) by 50.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,062 shares of the company’s stock after selling 3,057 shares during the quarter. OLD National Bancorp IN’s holdings in Sony Group were worth $290,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Gallacher Capital Management LLC grew its stake in Sony Group by 3.9% during the third quarter. Gallacher Capital Management LLC now owns 3,215 shares of the company’s stock worth $265,000 after buying an additional 121 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Sony Group by 6.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 1,979 shares of the company’s stock worth $187,000 after purchasing an additional 127 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Sony Group by 4.1% during the third quarter. Brighton Jones LLC now owns 3,308 shares of the company’s stock worth $273,000 after purchasing an additional 129 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Sony Group by 2.3% during the third quarter. Valeo Financial Advisors LLC now owns 5,808 shares of the company’s stock worth $479,000 after purchasing an additional 132 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in shares of Sony Group by 3.4% during the third quarter. Lido Advisors LLC now owns 4,586 shares of the company’s stock worth $378,000 after purchasing an additional 149 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SONY has been the topic of a number of research reports. Oppenheimer reiterated an “outperform” rating and set a $108.00 target price on shares of Sony Group in a research report on Monday, February 26th. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Finally, Macquarie lowered shares of Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Price Performance

Shares of NYSE SONY opened at $82.44 on Friday. The firm has a market cap of $101.75 billion, a PE ratio of 15.92 and a beta of 0.98. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 1-year low of $79.62 and a 1-year high of $100.94. The company has a fifty day moving average price of $85.83 and a 200 day moving average price of $88.86.

Sony Group (NYSE:SONY) last announced its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. The firm had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. Research analysts predict that Sony Group Co. will post 5.21 earnings per share for the current fiscal 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.