SVB Wealth LLC Has $1.01 Million Holdings in Sony Group Co. (NYSE:SONY)

SVB Wealth LLC lessened its stake in Sony Group Co. (NYSE:SONY) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,679 shares of the company’s stock after selling 1,220 shares during the quarter. SVB Wealth LLC’s holdings in Sony Group were worth $1,011,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SONY. Bank of America Corp DE grew its stake in shares of Sony Group by 27.2% during the 1st quarter. Bank of America Corp DE now owns 4,441,241 shares of the company’s stock worth $402,598,000 after acquiring an additional 949,271 shares in the last quarter. Morgan Stanley grew its position in Sony Group by 0.4% in the third quarter. Morgan Stanley now owns 4,181,880 shares of the company’s stock valued at $344,629,000 after purchasing an additional 15,415 shares in the last quarter. BlackRock Inc. increased its stake in Sony Group by 32.8% in the 2nd quarter. BlackRock Inc. now owns 3,519,201 shares of the company’s stock valued at $316,869,000 after buying an additional 869,957 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Sony Group by 11.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,283,236 shares of the company’s stock worth $115,543,000 after buying an additional 130,410 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Sony Group by 1.0% during the 3rd quarter. Royal Bank of Canada now owns 1,213,293 shares of the company’s stock worth $99,987,000 after buying an additional 12,467 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 0.4 %

SONY stock opened at $81.89 on Friday. Sony Group Co. has a fifty-two week low of $79.62 and a fifty-two week high of $100.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. The stock has a market capitalization of $101.07 billion, a price-to-earnings ratio of 15.81 and a beta of 0.98. The business’s fifty day moving average price is $87.07 and its two-hundred day moving average price is $88.87.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. The business had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. On average, equities analysts anticipate that Sony Group Co. will post 5.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $108.00 target price on shares of Sony Group in a report on Monday, February 26th. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Sony Group Company 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.