Boston Common Asset Management LLC Sells 5,292 Shares of Sony Group Co. (NYSE:SONY)

Boston Common Asset Management LLC lessened its holdings in Sony Group Co. (NYSE:SONYFree Report) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,453 shares of the company’s stock after selling 5,292 shares during the period. Boston Common Asset Management LLC’s holdings in Sony Group were worth $4,115,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. KB Financial Partners LLC bought a new stake in Sony Group during the first quarter valued at $29,000. Resurgent Financial Advisors LLC purchased a new position in shares of Sony Group during the fourth quarter valued at approximately $43,000. Pinnacle Holdings LLC bought a new position in shares of Sony Group in the first quarter worth approximately $61,000. NBC Securities Inc. purchased a new stake in shares of Sony Group during the third quarter valued at $51,000. Finally, SRS Capital Advisors Inc. grew its position in Sony Group by 39.7% in the 1st quarter. SRS Capital Advisors Inc. now owns 668 shares of the company’s stock worth $61,000 after purchasing an additional 190 shares during the period. Institutional investors own 8.02% of the company’s stock.

Sony Group Price Performance

Shares of SONY opened at $87.38 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The firm has a market capitalization of $107.85 billion, a price-to-earnings ratio of 16.87 and a beta of 0.98. The stock’s fifty day moving average is $92.76 and its 200-day moving average is $88.70. Sony Group Co. has a one year low of $79.62 and a one year high of $100.94.

Sony Group (NYSE:SONYGet Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.32. The firm had revenue of $25.38 billion during the quarter, compared to the consensus estimate of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. Equities analysts anticipate that Sony Group Co. will post 5.19 EPS for the current year.

Wall Street Analyst Weigh In

SONY has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and issued a $108.00 target price on shares of Sony Group in a report on Monday, February 26th. Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Wolfe Research assumed coverage on Sony Group in a research note on Tuesday, December 12th. They issued an “outperform” rating for the company. Finally, StockNews.com upgraded shares of Sony Group from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Get Our Latest Analysis on SONY

Sony Group Company 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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