Atria Wealth Solutions Inc. Has $1.84 Million Stake in Sony Group Co. (NYSE:SONY)

Atria Wealth Solutions Inc. raised its stake in shares of Sony Group Co. (NYSE:SONY) by 47.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,405 shares of the company’s stock after buying an additional 6,274 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Sony Group were worth $1,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Exchange Traded Concepts LLC bought a new stake in Sony Group in the third quarter valued at approximately $405,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Sony Group during the third quarter worth about $1,100,000. Valeo Financial Advisors LLC lifted its position in shares of Sony Group by 2.3% in 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. Live Oak Private Wealth LLC grew its holdings in shares of Sony Group by 0.6% in the 3rd quarter. Live Oak Private Wealth LLC now owns 75,786 shares of the company’s stock valued at $6,246,000 after acquiring an additional 469 shares in the last quarter. Finally, Arlington Partners LLC raised its stake in shares of Sony Group by 37.4% during the 3rd quarter. Arlington Partners LLC now owns 1,984 shares of the company’s stock worth $164,000 after purchasing an additional 540 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Performance

NYSE SONY opened at $83.00 on Tuesday. The stock has a market cap of $102.44 billion, a PE ratio of 16.02 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The firm has a 50-day moving average of $85.58 and a 200-day moving average of $88.88. Sony Group Co. has a 52-week low of $79.62 and a 52-week high of $100.94.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. The company had revenue of $25.38 billion during the quarter, compared to analysts’ expectations of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. On average, sell-side analysts anticipate that Sony Group Co. will post 5.21 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on SONY shares. Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Oppenheimer reiterated an “outperform” rating and issued a $108.00 target price on shares of Sony Group in a research note on Monday, February 26th. Finally, TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Sony Group presently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

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.