Sony Group Co. (NYSE:SONY) Holdings Raised by Creative Planning

Creative Planning lifted its stake in Sony Group Co. (NYSE:SONY) by 6.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 303,295 shares of the company’s stock after purchasing an additional 18,659 shares during the quarter. Creative Planning’s holdings in Sony Group were worth $29,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Wace LLP lifted its stake in Sony Group by 8,495.0% during the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after buying an additional 838,543 shares in the last quarter. Mondrian Investment Partners LTD lifted its position in shares of Sony Group by 43.4% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock valued at $220,033,000 after acquiring an additional 774,502 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in Sony Group in the 2nd quarter worth approximately $18,567,000. Pictet North America Advisors SA purchased a new position in Sony Group during the 1st quarter worth approximately $18,702,000. Finally, Alight Capital Management LP purchased a new stake in shares of Sony Group in the second quarter valued at $12,742,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

SONY opened at $18.22 on Monday. The stock has a fifty day moving average price of $29.39 and a 200 day moving average price of $21.30. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $20.18. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 3.35 and a beta of 0.94.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. The business had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.42 billion. Analysts forecast that Sony Group Co. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

SONY has been the topic of a number of research analyst reports. TD Cowen lowered their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Daiwa America raised 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 given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.30.

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.