Sony Group Co. (NYSE:SONY) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. decreased its holdings in Sony Group Co. (NYSE:SONY) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,226 shares of the company’s stock after selling 416 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Sony Group were worth $400,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of Sony Group in the 4th quarter valued at approximately $27,000. KB Financial Partners LLC bought a new stake in Sony Group during the first quarter valued at $29,000. Fortitude Family Office LLC bought a new stake in Sony Group during the fourth quarter valued at $31,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Sony Group during the fourth quarter worth $43,000. Finally, Pinnacle Holdings LLC bought a new position in shares of Sony Group in the 1st quarter worth about $61,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 0.1 %

SONY opened at $83.99 on Friday. The stock’s 50 day moving average price is $88.26 and its 200 day moving average price is $88.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. The stock has a market cap of $103.66 billion, a P/E ratio of 16.21 and a beta of 0.98. Sony Group Co. has a 12 month low of $79.62 and a 12 month high of $100.94.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. The company had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. As a group, research analysts predict that Sony Group Co. will post 5.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Macquarie downgraded Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.