Sony Group Co. (NYSE:SONY) Shares Purchased by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 5.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 55,033 shares of the company’s stock after acquiring an additional 2,605 shares during the period. Sony Group accounts for approximately 1.4% of Timber Creek Capital Management LLC’s portfolio, making the stock its 28th biggest position. Timber Creek Capital Management LLC’s holdings in Sony Group were worth $4,675,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Harding Loevner LP increased its holdings in Sony Group by 2,206.6% in the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock valued at $219,419,000 after buying an additional 2,181,169 shares during the last quarter. Mondrian Investment Partners LTD raised its position in shares of Sony Group by 43.4% during the 1st quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after acquiring an additional 774,502 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Sony Group by 5.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,359,171 shares of the company’s stock worth $602,150,000 after purchasing an additional 342,025 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Sony Group by 26.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock valued at $127,338,000 after purchasing an additional 277,537 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in Sony Group in the second quarter valued at approximately $18,567,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Sony Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Sony Group Stock Performance

Shares of SONY traded up $1.78 during midday trading on Friday, reaching $90.24. 589,831 shares of the stock were exchanged, compared to its average volume of 959,635. The company has a market capitalization of $111.38 billion, a price-to-earnings ratio of 16.59 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47. Sony Group Co. has a twelve month low of $75.11 and a twelve month high of $100.88. The business’s 50-day moving average price is $86.81 and its 200 day moving average price is $86.31.

Sony Group shares are set to split before the market opens on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly issued shares will be issued to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last issued 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 during the quarter, compared to analysts’ expectations of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. On average, sell-side analysts expect that Sony Group Co. will post 5.68 EPS for the current fiscal 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.