Sony Group Co. (NYSE:SONY) Shares Sold by FourThought Financial LLC

FourThought Financial LLC trimmed its position in Sony Group Co. (NYSE:SONY – Get Rating) by 8.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,334 shares of the company’s stock after selling 667 shares during the period. FourThought Financial LLC’s holdings in Sony Group were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SONY. CoreCap Advisors LLC bought a new position in Sony Group in the second quarter worth about $25,000. Guardian Wealth Advisors LLC bought a new position in Sony Group in the third quarter worth about $32,000. Motco bought a new position in Sony Group in the third quarter worth about $36,000. Pinnacle Holdings LLC bought a new position in Sony Group in the first quarter worth about $61,000. Finally, Private Trust Co. NA bought a new position in Sony Group in the second quarter worth about $51,000. 7.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SONY has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Sony Group in a report on Thursday. They issued a “hold” rating on the stock. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a report on Monday, December 5th. Finally, Cowen lifted their price target on Sony Group from $102.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Sony Group has an average rating of “Hold” and an average target price of $115.00.

Sony Group Price Performance

Shares of NYSE:SONY opened at $86.39 on Friday. Sony Group Co. has a 12 month low of $61.72 and a 12 month high of $107.52. The stock has a market cap of $106.60 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 2.73 and a beta of 1.06. The stock’s 50 day moving average price is $86.87 and its 200 day moving average price is $78.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.61 and a quick ratio of 0.45.

Sony Group (NYSE:SONY – Get Rating) last announced its earnings results on Thursday, February 2nd. The company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.40 by $0.47. Sony Group had a return on equity of 12.77% and a net margin of 8.43%. The firm had revenue of $24.20 billion for the quarter, compared to analysts’ expectations of $25.02 billion. Equities research analysts anticipate that Sony Group Co. will post 5.29 earnings per share for the current fiscal year.

About Sony Group

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Sony Group Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and Others.