Sony Group Co. (NYSE:SONY) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its position in shares of Sony Group Co. (NYSE:SONY) by 73.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,900 shares of the company’s stock after selling 5,376 shares during the period. Toronto Dominion Bank’s holdings in Sony Group were worth $161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ethic Inc. increased its position in Sony Group by 18.0% during the fourth quarter. Ethic Inc. now owns 119,939 shares of the company’s stock worth $11,357,000 after purchasing an additional 18,334 shares during the last quarter. Ellsworth Advisors LLC acquired a new stake in shares of Sony Group during the second quarter valued at about $1,413,000. Harding Loevner LP increased its position in shares of Sony Group by 2,206.6% during the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock valued at $219,419,000 after acquiring an additional 2,181,169 shares during the last quarter. BTC Capital Management Inc. acquired a new stake in shares of Sony Group during the first quarter valued at about $1,141,000. Finally, Blue Trust Inc. increased its position in shares of Sony Group by 279.8% during the second quarter. Blue Trust Inc. now owns 3,445 shares of the company’s stock valued at $295,000 after acquiring an additional 2,538 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Trading Up 0.3 %

NYSE SONY opened at $96.84 on Wednesday. The firm has a 50 day simple moving average of $21.34 and a 200-day simple moving average of $18.49. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. Sony Group Co. has a one year low of $75.11 and a one year high of $100.88. The firm has a market cap of $119.52 billion, a price-to-earnings ratio of 17.80 and a beta of 0.95.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The business had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.42 billion. Equities research analysts anticipate that Sony Group Co. will post 5.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SONY. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Sony Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.60.

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.