Sony Group Co. (NYSE:SONY) Shares Bought by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC raised its holdings in Sony Group Co. (NYSE:SONY) by 8.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,611 shares of the company’s stock after purchasing an additional 619 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Sony Group were worth $735,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Mondrian Investment Partners LTD lifted its stake in Sony Group by 43.4% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock valued at $220,033,000 after buying an additional 774,502 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Sony Group by 1.2% in the first quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock valued at $138,635,000 after acquiring an additional 18,487 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after acquiring an additional 838,543 shares during the last quarter. Sei Investments Co. increased its position in shares of Sony Group by 3.5% during the second quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after purchasing an additional 20,802 shares in the last quarter. Finally, Minneapolis Portfolio Management Group LLC raised its stake in Sony Group by 0.3% in the 2nd quarter. Minneapolis Portfolio Management Group LLC now owns 328,984 shares of the company’s stock valued at $27,947,000 after purchasing an additional 921 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. TD Cowen lowered their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Sony Group presently has an average rating of “Moderate Buy” and an average price target of $22.30.

Sony Group Trading Down 0.8 %

Shares of NYSE SONY traded down $0.15 during trading on Thursday, hitting $18.53. 470,818 shares of the company were exchanged, compared to its average volume of 3,959,392. The company has a fifty day moving average price of $29.33 and a 200-day moving average price of $21.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. The firm has a market capitalization of $22.87 billion, a PE ratio of 3.43 and a beta of 0.94. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $20.18.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The business 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, equities research analysts expect that Sony Group Co. will post 0.61 EPS for the current 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.