Sony Group Co. (NYSE:SONY) Shares Sold by Foresight Global Investors Inc.

Foresight Global Investors Inc. lessened its holdings in shares of Sony Group Co. (NYSE:SONY) by 0.8% during the 4th quarter, HoldingsChannel reports. The firm owned 193,147 shares of the company’s stock after selling 1,646 shares during the period. Sony Group comprises approximately 10.5% of Foresight Global Investors Inc.’s holdings, making the stock its biggest position. Foresight Global Investors Inc.’s holdings in Sony Group were worth $18,289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SONY. Stratos Wealth Partners LTD. increased its stake in shares of Sony Group by 10.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,642 shares of the company’s stock worth $383,000 after acquiring an additional 448 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Sony Group by 6.9% during the third quarter. Bank of New York Mellon Corp now owns 378,854 shares of the company’s stock worth $31,221,000 after purchasing an additional 24,427 shares during the period. Brown Advisory Inc. boosted its holdings in Sony Group by 4.6% in the 3rd quarter. Brown Advisory Inc. now owns 9,742 shares of the company’s stock valued at $803,000 after purchasing an additional 426 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Sony Group by 4.1% in the 3rd quarter. Brighton Jones LLC now owns 3,308 shares of the company’s stock valued at $273,000 after buying an additional 129 shares during the period. Finally, Foyston Gordon & Payne Inc increased its holdings in shares of Sony Group by 4.9% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 40,761 shares of the company’s stock worth $3,359,000 after buying an additional 1,906 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Sony Group Trading Down 1.1 %

SONY traded down $0.88 during mid-day trading on Thursday, hitting $77.47. 1,641,698 shares of the stock were exchanged, compared to its average volume of 782,039. The company has a market cap of $95.62 billion, a PE ratio of 14.86 and a beta of 0.95. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is $85.00 and its two-hundred day moving average is $88.76. Sony Group Co. has a 1-year low of $76.63 and a 1-year high of $100.94.

Sony Group (NYSE:SONY) last issued its quarterly earnings results 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. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The business had revenue of $25.38 billion for the quarter, compared to analysts’ expectations of $24.31 billion. Equities analysts forecast that Sony Group Co. will post 5.22 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.