Sony Group Co. (NYSE:SONY) Holdings Raised by Five Oceans Advisors

Five Oceans Advisors boosted its stake in shares of Sony Group Co. (NYSE:SONYGet Rating) by 12.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,862 shares of the company’s stock after purchasing an additional 527 shares during the quarter. Five Oceans Advisors’ holdings in Sony Group were worth $398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Commerce Bank boosted its position in Sony Group by 5.9% during the 4th quarter. Commerce Bank now owns 2,019 shares of the company’s stock valued at $256,000 after purchasing an additional 112 shares during the period. 180 Wealth Advisors LLC boosted its position in Sony Group by 3.0% during the 2nd quarter. 180 Wealth Advisors LLC now owns 4,799 shares of the company’s stock valued at $392,000 after purchasing an additional 138 shares during the period. MUFG Americas Holdings Corp boosted its position in Sony Group by 21.3% during the 1st quarter. MUFG Americas Holdings Corp now owns 830 shares of the company’s stock valued at $85,000 after purchasing an additional 146 shares during the period. Delta Financial Advisors LLC boosted its position in Sony Group by 4.3% during the 1st quarter. Delta Financial Advisors LLC now owns 3,975 shares of the company’s stock worth $408,000 after acquiring an additional 165 shares during the period. Finally, Eaton Vance Management boosted its position in Sony Group by 3.9% during the 4th quarter. Eaton Vance Management now owns 4,810 shares of the company’s stock worth $98,000 after acquiring an additional 179 shares during the period. Institutional investors and hedge funds own 7.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SONY shares. Macquarie upgraded Sony Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 8th. TheStreet lowered Sony Group from a “b-” rating to a “c+” rating in a research report on Tuesday, July 5th. Citigroup lowered Sony Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 5th. Finally, The Goldman Sachs Group assumed coverage on Sony Group in a research report on Wednesday, September 7th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $125.00.

Sony Group Price Performance

Shares of Sony Group stock traded down $1.08 during trading on Friday, hitting $68.30. The stock had a trading volume of 6,519 shares, compared to its average volume of 600,293. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.60 and a quick ratio of 0.47. The firm has a market cap of $84.49 billion, a P/E ratio of 11.36, a PEG ratio of 2.12 and a beta of 0.89. The business has a fifty day moving average of $81.44 and a two-hundred day moving average of $87.49. Sony Group Co. has a fifty-two week low of $69.04 and a fifty-two week high of $133.75.

Sony Group (NYSE:SONYGet Rating) last announced its earnings results on Friday, July 29th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.20. The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $19.36 billion. Sony Group had a return on equity of 11.54% and a net margin of 8.91%. On average, sell-side analysts expect that Sony Group Co. will post 5.09 earnings per share for the current fiscal year.

Sony Group Profile

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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 and portable game consoles, packaged software, and peripheral devices.

Further Reading

Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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