Sony Group Co. (NYSE:SONY) Shares Purchased by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC boosted its position in shares of Sony Group Co. (NYSE:SONY) by 23.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,686 shares of the company’s stock after buying an additional 1,454 shares during the period. Angeles Investment Advisors LLC’s holdings in Sony Group were worth $653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in Sony Group by 107.9% in the 4th quarter. Russell Investments Group Ltd. now owns 1,297 shares of the company’s stock valued at $123,000 after purchasing an additional 673 shares during the last quarter. 9258 Wealth Management LLC purchased a new stake in shares of Sony Group in the fourth quarter valued at about $221,000. Dimensional Fund Advisors LP boosted its stake in shares of Sony Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 547,573 shares of the company’s stock worth $51,850,000 after buying an additional 2,350 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Sony Group by 9.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,513 shares of the company’s stock worth $2,700,000 after buying an additional 2,498 shares during the last quarter. Finally, Beacon Pointe Advisors LLC increased its position in Sony Group by 1.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 24,161 shares of the company’s stock valued at $2,288,000 after acquiring an additional 269 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Sony Group currently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Stock Down 0.2 %

SONY stock opened at $93.44 on Monday. The stock has a market capitalization of $115.33 billion, a PE ratio of 17.18 and a beta of 0.95. The company has a fifty day moving average of $90.96 and a 200-day moving average of $86.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. Sony Group Co. has a one year low of $75.11 and a one year high of $100.88.

Sony Group shares are going to split on the morning of Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly minted shares will be issued to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The company had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. As a group, analysts expect that Sony Group Co. will post 5.63 EPS for the current year.

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.