180 Wealth Advisors LLC Acquires 286 Shares of Sony Group Co. (NYSE:SONY)

180 Wealth Advisors LLC grew its holdings in Sony Group Co. (NYSE:SONYFree Report) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,532 shares of the company’s stock after acquiring an additional 286 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Sony Group were worth $291,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SONY. Fisher Asset Management LLC lifted its position in shares of Sony Group by 5.6% in the second quarter. Fisher Asset Management LLC now owns 5,595,382 shares of the company’s stock worth $503,808,000 after purchasing an additional 295,054 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Sony Group by 27.2% in the first quarter. Bank of America Corp DE now owns 4,441,241 shares of the company’s stock worth $402,598,000 after purchasing an additional 949,271 shares in the last quarter. Morgan Stanley lifted its position in shares of Sony Group by 6.9% in the fourth quarter. Morgan Stanley now owns 4,059,644 shares of the company’s stock worth $309,670,000 after purchasing an additional 263,316 shares in the last quarter. BlackRock Inc. lifted its position in shares of Sony Group by 32.8% in the second quarter. BlackRock Inc. now owns 3,519,201 shares of the company’s stock worth $316,869,000 after purchasing an additional 869,957 shares in the last quarter. Finally, AGF Management Ltd. increased its holdings in Sony Group by 14.2% during the second quarter. AGF Management Ltd. now owns 2,224,558 shares of the company’s stock worth $200,299,000 after buying an additional 276,089 shares during the last quarter. 8.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on SONY. Benchmark started coverage on shares of Sony Group in a report on Monday, October 16th. They issued a “buy” rating on the stock. StockNews.com started coverage on shares of Sony Group in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Finally, Wolfe Research started coverage on shares of Sony Group in a research report on Tuesday, December 12th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

View Our Latest Report on Sony Group

Sony Group Trading Down 0.8 %

SONY opened at $97.41 on Thursday. Sony Group Co. has a twelve month low of $79.62 and a twelve month high of $100.94. The company has a 50-day simple moving average of $90.50 and a 200 day simple moving average of $87.79. The company has a quick ratio of 0.47, a current ratio of 0.66 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $120.23 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 4.21 and a beta of 0.99.

Sony Group (NYSE:SONYGet Free Report) last posted its earnings results on Thursday, November 9th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.07). The company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $19.93 billion. Sony Group had a return on equity of 12.35% and a net margin of 7.55%. Analysts predict that Sony Group Co. will post 5.37 EPS for the current fiscal year.

About Sony Group

(Free Report)

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.

See Also

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

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