Aprio Wealth Management LLC Buys Shares of 2,386 Sony Group Co. (NYSE:SONY)

Aprio Wealth Management LLC purchased a new position in shares of Sony Group Co. (NYSE:SONY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,386 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors have also recently made changes to their positions in the company. Harding Loevner LP raised its position in Sony Group by 2,206.6% in the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock valued at $219,419,000 after purchasing an additional 2,181,169 shares during the period. Marshall Wace LLP increased its position in shares of Sony Group by 8,495.0% during the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after purchasing an additional 838,543 shares during the last quarter. Mondrian Investment Partners LTD increased its position in shares of Sony Group by 43.4% during the 1st quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after purchasing an additional 774,502 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Sony Group by 5.7% in the 4th quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock valued at $602,106,000 after buying an additional 341,566 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new position in Sony Group during the second quarter worth about $18,567,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Daiwa America raised Sony Group to a “strong-buy” rating in a research report 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.60.

Sony Group Stock Down 0.5 %

Shares of SONY opened at $95.14 on Wednesday. The company’s 50-day simple moving average is $27.54 and its 200-day simple moving average is $20.66. 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 1 year low of $75.11 and a 1 year high of $100.88. The stock has a market capitalization of $117.42 billion, a PE ratio of 17.49 and a beta of 0.94.

Sony Group (NYSE:SONY) last released its earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $19.32 billion for 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%. Analysts forecast that Sony Group Co. will post 4.75 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.