Oppenheimer Asset Management Inc. Buys 6,627 Shares of Sony Group Co. (NYSE:SONY)

Oppenheimer Asset Management Inc. lifted its holdings in Sony Group Co. (NYSE:SONY) by 7.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 100,636 shares of the company’s stock after acquiring an additional 6,627 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Sony Group were worth $8,549,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SONY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Sony Group during the second quarter worth about $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Sony Group in the 1st quarter valued at approximately $29,000. Rise Advisors LLC boosted its stake in shares of Sony Group by 259.2% in the 1st quarter. Rise Advisors LLC now owns 352 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Sony Group in the 2nd quarter valued at approximately $41,000. Finally, Family Firm Inc. acquired a new stake in shares of Sony Group in the 2nd quarter valued at approximately $44,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Down 0.2 %

Shares of NYSE SONY opened at $93.44 on Friday. 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 1 year low of $75.11 and a 1 year high of $100.88. The company has a 50 day simple moving average of $90.96 and a 200 day simple moving average of $86.37. The firm has a market cap of $115.33 billion, a PE ratio of 17.18 and a beta of 0.95.

Sony Group shares are going to split before the market opens on 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 released its quarterly earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.11. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The firm had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.42 billion. On average, research analysts forecast that Sony Group Co. will post 5.63 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.