Bleakley Financial Group LLC Reduces Stock Holdings in Sony Group Co. (NYSE:SONY)

Bleakley Financial Group LLC trimmed its position in shares of Sony Group Co. (NYSE:SONY) by 59.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,254 shares of the company’s stock after selling 4,730 shares during the quarter. Bleakley Financial Group LLC’s holdings in Sony Group were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SONY. Sunbelt Securities Inc. purchased a new position in shares of Sony Group in the first quarter worth about $29,000. Register Financial Advisors LLC bought a new position in Sony Group in the 1st quarter worth approximately $90,000. BKM Wealth Management LLC boosted its holdings in Sony Group by 19.8% in the 1st quarter. BKM Wealth Management LLC now owns 7,155 shares of the company’s stock worth $613,000 after buying an additional 1,182 shares during the period. Hexagon Capital Partners LLC grew its stake in Sony Group by 20.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 749 shares of the company’s stock valued at $64,000 after buying an additional 128 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Sony Group by 130.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,852 shares of the company’s stock valued at $416,000 after acquiring an additional 2,747 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Price Performance

Shares of NYSE SONY opened at $17.51 on Thursday. The firm has a market capitalization of $21.61 billion, a P/E ratio of 3.23 and a beta of 0.94. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The stock’s 50-day simple moving average is $8.86 and its two-hundred day simple moving average is $5.31. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $20.18.

Sony Group (NYSE:SONY) last announced its earnings results on Wednesday, August 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The business had revenue of $19.32 billion for the quarter, compared to the consensus estimate of $17.42 billion. As a group, equities analysts anticipate that Sony Group Co. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SONY has been the subject of a number of analyst reports. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. TD Cowen decreased their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $13.66.

Sony Group 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.