Sony Group Co. (NYSE:SONY) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC trimmed its stake in Sony Group Co. (NYSE:SONY) by 4.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,434 shares of the company’s stock after selling 150 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Sony Group were worth $294,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC grew its stake in shares of Sony Group by 24.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after purchasing an additional 108 shares in the last quarter. Legacy Capital Group California Inc. lifted its position in shares of Sony Group by 2.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,703 shares of the company’s stock valued at $445,000 after acquiring an additional 110 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Sony Group by 16.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 786 shares of the company’s stock worth $74,000 after acquiring an additional 112 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Sony Group by 6.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 1,979 shares of the company’s stock valued at $187,000 after acquiring an additional 127 shares during the period. Finally, PDS Planning Inc lifted its position in shares of Sony Group by 2.3% in the 4th quarter. PDS Planning Inc now owns 6,231 shares of the company’s stock valued at $590,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of Sony Group stock opened at $84.28 on Friday. The firm has a fifty day moving average price of $82.13 and a two-hundred day moving average price of $87.80. Sony Group Co. has a fifty-two week low of $75.11 and a fifty-two week high of $100.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.66 and a quick ratio of 0.52. The company has a market cap of $104.02 billion, a PE ratio of 15.49 and a beta of 0.95.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. The company had revenue of $23.45 billion for the quarter, compared to analyst estimates of $18.97 billion. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. During the same quarter last year, the firm earned $0.78 EPS. Analysts expect that Sony Group Co. will post 5.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. One equities research 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 a consensus rating of “Moderate Buy” and an average target price of $108.00.

Sony Group 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.