2,046 Shares in Sony Group Co. (NYSE:SONY) Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC bought a new position in shares of Sony Group Co. (NYSE:SONY) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 2,046 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors have also bought and sold shares of SONY. Better Money Decisions LLC purchased a new position in shares of Sony Group in the 3rd quarter worth about $31,000. Front Row Advisors LLC purchased a new position in shares of Sony Group in the 3rd quarter worth about $35,000. GPS Wealth Strategies Group LLC purchased a new position in shares of Sony Group in the 3rd quarter worth about $42,000. Sandy Spring Bank purchased a new position in shares of Sony Group in the 3rd quarter worth about $43,000. Finally, Carroll Financial Associates Inc. purchased a new position in shares of Sony Group in the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

SONY has been the subject of a number of research reports. Zacks Investment Research upgraded Sony Group from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a report on Tuesday, October 5th. Cowen began coverage on Sony Group in a report on Monday, September 27th. They set an “outperform” rating for the company.

Shares of SONY stock opened at $124.79 on Friday. The business has a 50-day moving average of $123.48 and a 200 day moving average of $112.71. The stock has a market capitalization of $152.26 billion, a PE ratio of 18.46, a P/E/G ratio of 1.74 and a beta of 0.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.61 and a quick ratio of 0.50. Sony Group Co. has a 1-year low of $91.75 and a 1-year high of $133.75.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Thursday, October 28th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. The business had revenue of $21.52 billion during the quarter, compared to analyst estimates of $21.96 billion. Sony Group had a return on equity of 14.03% and a net margin of 9.49%. Analysts anticipate that Sony Group Co. will post 6.18 EPS for the current year.

About Sony Group

Sony Group Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and Others.

Further Reading: Shanghai Stock Exchange Composite Index

Want to see what other hedge funds are holding SONY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sony Group Co. (NYSE:SONY).

Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

Receive News & Ratings for Sony Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony Group and related companies with MarketBeat.com's FREE daily email newsletter.