XTX Topco Ltd Sells 1,893 Shares of Sony Group Co. (NYSE:SONY)

XTX Topco Ltd trimmed its position in shares of Sony Group Co. (NYSE:SONY) by 15.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,988 shares of the company’s stock after selling 1,893 shares during the quarter. XTX Topco Ltd’s holdings in Sony Group were worth $848,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Sony Group in the 2nd quarter worth about $26,000. Sunbelt Securities Inc. bought a new position in Sony Group in the first quarter worth approximately $29,000. Rise Advisors LLC lifted its holdings in shares of Sony Group by 259.2% in the first quarter. Rise Advisors LLC now owns 352 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Sony Group in the second quarter valued at approximately $41,000. Finally, Family Firm Inc. purchased a new stake in shares of Sony Group during the second quarter valued at approximately $44,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Price Performance

NYSE:SONY opened at $93.09 on Monday. The firm’s fifty day moving average is $90.94 and its two-hundred day moving average is $86.57. 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 one year low of $75.11 and a one year high of $100.88. The firm has a market cap of $114.89 billion, a price-to-earnings ratio of 17.11 and a beta of 0.95.

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

Sony Group (NYSE:SONY) last posted its quarterly earnings data 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 net margin of 7.59% and a return on equity of 12.82%. The firm had revenue of $19.32 billion during the quarter, compared to analysts’ expectations of $17.42 billion. Research analysts expect that Sony Group Co. will post 5.63 EPS for the current year.

Wall Street Analysts Forecast Growth

SONY has been the subject of several research analyst reports. StockNews.com lowered 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 investment 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 company’s stock. According to data from MarketBeat.com, Sony Group presently has an average 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.