Russell Investments Group Ltd. reduced its stake in Sony Group Co. (NYSE:SONY – Get Rating) by 3.1% in the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The fund held 49,328 shares of the company after selling 1,598 shares during the quarter. The holdings of Russell Investments Group Ltd. in Sony Group were worth $5,066,000 when it was last filed with the SEC.
A number of other institutional investors and hedge funds have also recently changed their positions in SONY. CarsonAllaria Wealth Management Ltd. bought a new position in Sony Group in Q4, valued at around $29,000. DeDora Capital Inc. bought a new position in Sony Group in Q1 worth approximately $38,000. CENTRAL TRUST Co increased its stake in the Sony group by 86.4% in the 4th quarter. CENTRAL TRUST Co now owns 371 shares of the company valued at $47,000 after purchasing an additional 172 shares in the last quarter. St. James Investment Advisors LLC bought a new position in Sony Group in Q4, valued at around $79,000. Finally, Glassman Wealth Services increased its stake in Sony Group by 32.0% in the 4th quarter. Glassman Wealth Services now owns 669 shares of the company valued at $85,000 after buying an additional 162 shares in the last quarter.
Changes to analyst ratings
A number of brokerages have recently released reports on SONY. TheStreet downgraded shares of Sony Group from a ‘b-‘ rating to a ‘c+’ rating in a Tuesday, July 5 report. Oppenheimer lowered his price target on Sony Group shares from $150.00 to $125.00 and set an “na” rating for the company in a Wednesday, May 18 research report. Macquarie upgraded Sony Group shares from a “neutral” rating to an “outperforming” rating in a Friday July 8 research report. Finally, Citigroup downgraded shares of Sony Group from a “buy” rating to a “neutral” rating in a Tuesday, July 5 research report. Two analysts gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.00.
Performance of Sony Group shares
NYSE: SONY opened at $85.33 on Thursday. The company has a market capitalization of $105.55 billion, a PE ratio of 13.97, a P/E/G ratio of 5.20 and a beta of 0.88. Sony Group Co. has a fifty-two week low of $79.05 and a fifty-two week high of $133.75. The company has a debt ratio of 0.17, a quick ratio of 0.47 and a current ratio of 0.60. The company has a 50-day simple moving average of $85.10 and a two-hundred-day simple moving average of $93.32.
Sony Group (NYSE:SONY – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The company reported EPS of $0.77 for the quarter, missing the consensus estimate of $0.82 per ($0.05). The company posted revenue of $19.49 billion for the quarter, versus analyst estimates of $20.82 billion. Sony Group had a return on equity of 11.54% and a net margin of 8.91%. Research analysts expect Sony Group Co. to post earnings per share of 5.63 for the current year.
Sony Group 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, Asia-Pacific and the international. The Company distributes software titles and complementary content through digital networks; network services relating to gaming, video and music content; and home and portable game consoles, embedded software and peripherals.
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