Steward Partners Investment Advisory LLC Lowers Holdings in Sony Group Co. (NYSE:SONY)

Steward Partners Investment Advisory LLC cut its holdings in Sony Group Co. (NYSE:SONYGet Rating) by 31.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,054 shares of the company’s stock after selling 492 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Sony Group were worth $108,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SONY. AGF Investments Inc. lifted its holdings in Sony Group by 73.7% in the 4th quarter. AGF Investments Inc. now owns 1,100,138 shares of the company’s stock worth $139,057,000 after purchasing an additional 466,683 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Sony Group in the 1st quarter worth approximately $38,003,000. Point72 Asset Management L.P. bought a new stake in Sony Group in the 4th quarter worth approximately $25,737,000. Cidel Asset Management Inc. bought a new stake in Sony Group in the 4th quarter worth approximately $20,629,000. Finally, Capricorn Fund Managers Ltd bought a new position in shares of Sony Group during the 4th quarter valued at approximately $15,436,000.

Sony Group Trading Down 0.9 %

SONY stock opened at $85.29 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $85.87 and its two-hundred day simple moving average is $94.41. Sony Group Co. has a twelve month low of $79.05 and a twelve month high of $133.75.

Sony Group (NYSE:SONYGet Rating) last released its 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 return on equity of 11.05% and a net margin of 8.91%. The business had revenue of $19.49 billion during the quarter, compared to analysts’ expectations of $20.82 billion. As a group, analysts predict that Sony Group Co. will post 5.86 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup downgraded Sony Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 5th. Oppenheimer cut their target price on Sony Group from $150.00 to $125.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. TheStreet downgraded Sony Group from a “b-” rating to a “c+” rating in a research report on Tuesday, July 5th. Finally, Macquarie raised Sony Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 8th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.00.

About Sony Group

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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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