Mercer Global Advisors Inc. ADV Has $3.06 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

Mercer Global Advisors Inc. ADV boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 18.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 36,032 shares of the company’s stock after buying an additional 5,649 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Sony Group were worth $3,061,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Fisher Asset Management LLC raised its holdings in shares of Sony Group by 5.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock worth $602,106,000 after acquiring an additional 341,566 shares during the period. Mondrian Investment Partners LTD raised its stake 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 purchasing an additional 774,502 shares during the period. Harding Loevner LP lifted its holdings in shares of 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 in the last quarter. Clearbridge Investments LLC boosted its position in shares of Sony Group by 1.2% during the first quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock worth $138,635,000 after buying an additional 18,487 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Sony Group by 26.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock worth $127,338,000 after buying an additional 277,537 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 0.2 %

NYSE:SONY opened at $93.09 on Monday. Sony Group Co. has a twelve month low of $75.11 and a twelve month high of $100.88. The firm has a market capitalization of $114.89 billion, a price-to-earnings ratio of 17.11 and a beta of 0.95. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is $90.94 and its two-hundred day moving average price is $86.57.

Sony Group’s stock is scheduled to split before the market opens on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly minted shares will be distributed to shareholders after the market closes on Monday, September 30th.

Sony Group (NYSE:SONY) last posted its earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. 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 analyst estimates of $17.42 billion. Equities research analysts expect that Sony Group Co. will post 5.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on SONY shares. StockNews.com downgraded 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 report on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Sony Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

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.