Sony Group Co. (NYSE:SONY) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC trimmed its holdings in shares of Sony Group Co. (NYSE:SONY) by 7.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,582 shares of the company’s stock after selling 469 shares during the period. Summit Trail Advisors LLC’s holdings in Sony Group were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SONY. Sei Investments Co. increased its stake in shares of Sony Group by 3.5% during the second quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock valued at $51,946,000 after acquiring an additional 20,802 shares during the period. Hsbc Holdings PLC boosted its stake in Sony Group by 110.6% during the 2nd quarter. Hsbc Holdings PLC now owns 5,088 shares of the company’s stock valued at $432,000 after purchasing an additional 53,311 shares in the last quarter. Blair William & Co. IL increased its position in shares of Sony Group by 4.6% during the 2nd quarter. Blair William & Co. IL now owns 4,803 shares of the company’s stock valued at $408,000 after purchasing an additional 212 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Sony Group by 18.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 36,032 shares of the company’s stock worth $3,061,000 after buying an additional 5,649 shares in the last quarter. Finally, Wealth Alliance lifted its holdings in shares of Sony Group by 1.2% in the second quarter. Wealth Alliance now owns 11,977 shares of the company’s stock valued at $1,017,000 after buying an additional 141 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Sony Group Stock Performance

Shares of NYSE SONY opened at $94.20 on Tuesday. Sony Group Co. has a 52-week low of $75.11 and a 52-week high of $100.88. The stock has a market capitalization of $116.26 billion, a price-to-earnings ratio of 17.32 and a beta of 0.95. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $90.91 and its 200 day simple moving average is $86.62.

Sony Group’s stock is going to split on the morning of Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly minted shares will be payable to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The company had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. As a group, sell-side analysts forecast that Sony Group Co. will post 5.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Sony Group has a consensus rating of “Moderate Buy” and an average target price 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.