B. Riley Wealth Advisors Inc. Cuts Stock Holdings in Sony Group Co. (NYSE:SONY)

B. Riley Wealth Advisors Inc. cut its position in shares of Sony Group Co. (NYSE:SONY) by 34.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,814 shares of the company’s stock after selling 3,533 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Sony Group were worth $645,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SONY. CVA Family Office LLC purchased a new position in shares of Sony Group during the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC purchased a new position in Sony Group during the fourth quarter valued at $31,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Sony Group in the fourth quarter valued at about $34,000. Pinnacle Bancorp Inc. acquired a new position in shares of Sony Group during the 4th quarter worth about $39,000. Finally, JFS Wealth Advisors LLC raised its position in shares of Sony Group by 24.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SONY. Oppenheimer reiterated an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. StockNews.com upgraded Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Sony Group has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Stock Down 0.4 %

SONY stock opened at $80.53 on Friday. 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 firm has a 50-day moving average of $82.10 and a two-hundred day moving average of $87.96. Sony Group Co. has a 12 month low of $75.11 and a 12 month high of $100.88. The company has a market cap of $99.39 billion, a price-to-earnings ratio of 14.80 and a beta of 0.95.

Sony Group (NYSE:SONY) last issued its earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. The company had revenue of $23.45 billion during the quarter, compared to analysts’ expectations of $18.97 billion. During the same period in the prior year, the business earned $0.78 EPS. As a group, analysts forecast that Sony Group Co. will post 5.6 earnings per share for the current fiscal year.

About Sony Group

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.