Campbell & CO Investment Adviser LLC Buys New Holdings in Sony Group Co. (NYSE:SONY)

Campbell & CO Investment Adviser LLC purchased a new position in shares of Sony Group Co. (NYSE:SONYFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,340 shares of the company’s stock, valued at approximately $884,000.

Several other institutional investors and hedge funds have also bought and sold shares of SONY. NBC Securities Inc. acquired a new stake in Sony Group in the third quarter valued at approximately $51,000. New York State Common Retirement Fund increased its holdings in Sony Group by 1.3% in the 3rd quarter. New York State Common Retirement Fund now owns 113,732 shares of the company’s stock worth $9,373,000 after acquiring an additional 1,510 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in Sony Group by 17.9% during the third quarter. Kestra Private Wealth Services LLC now owns 6,920 shares of the company’s stock worth $570,000 after acquiring an additional 1,053 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Sony Group during the third quarter valued at $2,678,000. Finally, Atria Wealth Solutions Inc. grew its position in shares of Sony Group by 47.7% in the third quarter. Atria Wealth Solutions Inc. now owns 13,131 shares of the company’s stock valued at $1,082,000 after purchasing an additional 4,243 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Up 0.7 %

Shares of NYSE SONY opened at $86.64 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $82.58 and a 200 day moving average of $88.28. Sony Group Co. has a 12-month low of $75.11 and a 12-month high of $100.94. The stock has a market cap of $106.93 billion, a PE ratio of 15.93 and a beta of 0.95.

Sony Group (NYSE:SONYGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. The business had revenue of $23.45 billion during the quarter, compared to analyst estimates of $18.97 billion. During the same period in the prior year, the business earned $0.78 earnings per share. As a group, sell-side analysts predict that Sony Group Co. will post 5.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on SONY shares. Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a research note on Monday, February 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $108.00.

Read Our Latest Analysis on Sony Group

About Sony Group

(Free Report)

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.

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Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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