Sony Group Co. (NYSE:SONY) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its holdings in Sony Group Co. (NYSE:SONYGet Rating) by 16.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,155 shares of the company’s stock after selling 1,036 shares during the quarter. Stephens Inc. AR’s holdings in Sony Group were worth $529,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Sony Group in the fourth quarter valued at approximately $29,000. DeDora Capital Inc. acquired a new stake in shares of Sony Group in the first quarter valued at approximately $38,000. CENTRAL TRUST Co boosted its holdings in shares of Sony Group by 86.4% in the fourth quarter. CENTRAL TRUST Co now owns 371 shares of the company’s stock valued at $47,000 after acquiring an additional 172 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Sony Group in the fourth quarter valued at approximately $51,000. Finally, St. James Investment Advisors LLC acquired a new stake in shares of Sony Group in the fourth quarter valued at approximately $79,000.

Sony Group Trading Down 0.9 %

NYSE:SONY opened at $85.29 on Wednesday. The stock has a fifty day moving average price of $85.87 and a two-hundred day moving average price of $94.41. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.17. Sony Group Co. has a 1 year low of $79.05 and a 1 year high of $133.75.

Sony Group (NYSE:SONYGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.05). Sony Group had a net margin of 8.91% and a return on equity of 11.05%. The firm had revenue of $19.49 billion during the quarter, compared to analysts’ expectations of $20.82 billion. As a group, equities research analysts forecast that Sony Group Co. will post 5.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SONY has been the subject of several research analyst reports. Citigroup downgraded Sony Group from a “buy” rating to a “neutral” rating in a report on Tuesday, July 5th. Macquarie upgraded Sony Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 8th. Oppenheimer cut their price target on Sony Group from $150.00 to $125.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Finally, TheStreet cut Sony Group from a “b-” rating to a “c+” rating in a research note on Tuesday, July 5th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.00.

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, 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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