Global Retirement Partners LLC Has $373,000 Position in Sony Group Co. (NYSE:SONY)

Global Retirement Partners LLC cut its stake in shares of Sony Group Co. (NYSE:SONY) by 13.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,867 shares of the company’s stock after selling 587 shares during the quarter. Global Retirement Partners LLC’s holdings in Sony Group were worth $373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mitchell & Pahl Private Wealth LLC lifted its holdings in Sony Group by 8.9% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,611 shares of the company’s stock worth $735,000 after buying an additional 619 shares during the period. Naviter Wealth LLC lifted its holdings in Sony Group by 6.7% during the 3rd quarter. Naviter Wealth LLC now owns 31,130 shares of the company’s stock worth $3,006,000 after buying an additional 1,951 shares during the period. Cabot Wealth Management Inc. lifted its holdings in Sony Group by 1.0% during the 3rd quarter. Cabot Wealth Management Inc. now owns 165,791 shares of the company’s stock worth $16,010,000 after buying an additional 1,694 shares during the period. Creative Planning lifted its stake in shares of Sony Group by 6.6% in the 3rd quarter. Creative Planning now owns 303,295 shares of the company’s stock valued at $29,289,000 after purchasing an additional 18,659 shares during the period. Finally, Delta Capital Management LLC lifted its stake in shares of Sony Group by 400.0% in the 3rd quarter. Delta Capital Management LLC now owns 162,925 shares of the company’s stock valued at $15,734,000 after purchasing an additional 130,340 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Down 0.7 %

SONY stock opened at $18.10 on Tuesday. The stock’s 50 day simple moving average is $29.42 and its 200 day simple moving average is $21.30. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $20.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. The company has a market cap of $109.46 billion, a P/E ratio of 16.82 and a beta of 0.94.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $17.42 billion. On average, research analysts expect that Sony Group Co. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SONY has been the topic of a number of recent analyst reports. Daiwa America raised Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. TD Cowen dropped their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sony Group presently has an average rating of “Moderate Buy” and a consensus price target of $22.30.

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.