MGO One Seven LLC Decreases Stake in Sony Group Co. (NYSE:SONY)

MGO One Seven LLC cut its holdings in Sony Group Co. (NYSE:SONYFree Report) by 13.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,418 shares of the company’s stock after selling 1,111 shares during the period. MGO One Seven LLC’s holdings in Sony Group were worth $611,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SONY. XY Capital Ltd purchased a new position in shares of Sony Group during the third quarter valued at approximately $876,000. Raymond James Financial Services Advisors Inc. lifted its position in Sony Group by 18.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,931 shares of the company’s stock valued at $1,705,000 after purchasing an additional 2,989 shares during the last quarter. Dearborn Partners LLC bought a new position in Sony Group during the second quarter valued at $336,000. New England Research & Management Inc. bought a new position in Sony Group during the third quarter valued at $490,000. Finally, Fiduciary Trust Co. raised its stake in shares of Sony Group by 23.0% in the second quarter. Fiduciary Trust Co. now owns 3,532 shares of the company’s stock valued at $318,000 after acquiring an additional 661 shares during the period. 8.02% of the stock is owned by institutional investors.

Sony Group Trading Down 1.7 %

Shares of NYSE SONY traded down $1.63 during mid-day trading on Friday, hitting $95.39. 898,034 shares of the company traded hands, compared to its average volume of 746,781. The business has a 50 day moving average of $92.09 and a two-hundred day moving average of $88.11. The stock has a market capitalization of $117.73 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 4.21 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.66 and a debt-to-equity ratio of 0.26. Sony Group Co. has a 1 year low of $79.62 and a 1 year high of $100.94.

Sony Group (NYSE:SONYGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.07). The firm 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%. On average, sell-side analysts anticipate that Sony Group Co. will post 5.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com started coverage on shares of Sony Group in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Benchmark assumed coverage on shares of Sony Group in a report on Monday, October 16th. They issued a “buy” rating on the stock. Wolfe Research started coverage on shares of Sony Group in a research note on Tuesday, December 12th. They issued an “outperform” rating on the stock. Finally, TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $118.00.

View Our Latest Stock Analysis on SONY

Sony Group Profile

(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.

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

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