K.J. Harrison & Partners Inc Trims Stock Position in Sony Group Co. (NYSE:SONY)

K.J. Harrison & Partners Inc cut its holdings in Sony Group Co. (NYSE:SONY) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the company’s stock after selling 20,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Sony Group were worth $1,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Callan Capital LLC purchased a new stake in Sony Group in the fourth quarter worth about $262,000. Jackson Hole Capital Partners LLC grew its stake in shares of Sony Group by 8.6% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 28,261 shares of the company’s stock valued at $2,676,000 after acquiring an additional 2,234 shares during the period. Atria Wealth Solutions Inc. increased its holdings in Sony Group by 47.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 19,405 shares of the company’s stock worth $1,838,000 after acquiring an additional 6,274 shares in the last quarter. Yousif Capital Management LLC raised its stake in Sony Group by 6.9% during the 4th quarter. Yousif Capital Management LLC now owns 22,242 shares of the company’s stock worth $2,106,000 after acquiring an additional 1,430 shares during the period. Finally, GAMMA Investing LLC purchased a new position in Sony Group during the fourth quarter valued at approximately $420,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SONY shares. Oppenheimer reiterated an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a research report on Monday, February 26th. Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Two 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, Sony Group presently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Price Performance

Shares of Sony Group stock traded down $0.11 on Friday, hitting $82.33. 440,622 shares of the company traded hands, compared to its average volume of 771,330. Sony Group Co. has a 52 week low of $79.62 and a 52 week high of $100.94. The business has a 50-day simple moving average of $85.70 and a 200 day simple moving average of $88.85. 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 stock has a market capitalization of $101.61 billion, a P/E ratio of 15.89 and a beta of 0.98.

Sony Group (NYSE:SONY) last posted its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.32. The company had revenue of $25.38 billion during the quarter, compared to analysts’ expectations of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. Research analysts expect that Sony Group Co. will post 5.21 earnings per share for the current fiscal year.

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.