Sony Group Co. (NYSE:SONY) Position Boosted by Waldron Private Wealth LLC

Waldron Private Wealth LLC grew its position in shares of Sony Group Co. (NYSE:SONY) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,763 shares of the company’s stock after buying an additional 629 shares during the period. Waldron Private Wealth LLC’s holdings in Sony Group were worth $1,909,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Sony Group in the second quarter worth $26,000. Sunbelt Securities Inc. bought a new stake in Sony Group in the 1st quarter valued at about $29,000. Ridgewood Investments LLC acquired a new position in Sony Group during the 2nd quarter valued at about $41,000. Family Firm Inc. acquired a new position in Sony Group during the 2nd quarter valued at about $44,000. Finally, Hobbs Group Advisors LLC bought a new position in Sony Group in the 2nd quarter worth about $49,000. 14.05% of the stock is currently owned by institutional investors.

Sony Group Price Performance

Shares of SONY stock traded down $0.18 during mid-day trading on Tuesday, hitting $17.92. 1,689,524 shares of the stock traded hands, compared to its average volume of 3,938,747. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $20.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. The company’s 50-day simple moving average is $29.42 and its 200-day simple moving average is $21.30. The firm has a market cap of $22.12 billion, a price-to-earnings ratio of 3.29 and a beta of 0.94.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The company had revenue of $19.32 billion during the quarter, compared to the consensus estimate of $17.42 billion. As a group, equities research analysts expect that Sony Group Co. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SONY shares. TD Cowen reduced their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

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.