Private Advisor Group LLC Increases Stake in Sony Group Co. (NYSE:SONY)

Private Advisor Group LLC grew its holdings in Sony Group Co. (NYSE:SONY) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,932 shares of the company’s stock after acquiring an additional 446 shares during the period. Private Advisor Group LLC’s holdings in Sony Group were worth $504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Addison Advisors LLC raised its holdings in Sony Group by 11.2% in the 2nd quarter. Addison Advisors LLC now owns 2,386 shares of the company’s stock worth $203,000 after purchasing an additional 240 shares during the period. XY Capital Ltd increased its position in Sony Group by 486.2% in the second quarter. XY Capital Ltd now owns 78,498 shares of the company’s stock worth $6,668,000 after buying an additional 65,106 shares in the last quarter. Belpointe Asset Management LLC raised its stake in shares of Sony Group by 1.4% in the second quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock worth $787,000 after buying an additional 128 shares during the period. Naviter Wealth LLC lifted its position in shares of Sony Group by 14.4% during the 2nd quarter. Naviter Wealth LLC now owns 29,179 shares of the company’s stock valued at $2,479,000 after buying an additional 3,674 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in shares of Sony Group by 4.8% during the 2nd quarter. Resonant Capital Advisors LLC now owns 3,217 shares of the company’s stock valued at $273,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Trading Down 0.1 %

Shares of SONY stock opened at $90.49 on Thursday. 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 stock has a fifty day simple moving average of $91.05 and a two-hundred day simple moving average of $86.47. The firm has a market capitalization of $111.68 billion, a PE ratio of 16.63 and a beta of 0.95. Sony Group Co. has a 52-week low of $75.11 and a 52-week high of $100.88.

Shares of Sony Group are set to split on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly created shares will be payable to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.11 by $0.11. 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 the consensus estimate of $17.42 billion. On average, analysts predict that Sony Group Co. will post 5.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently 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.