Sony Group Co. (NYSE:SONY) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. lessened its position in shares of Sony Group Co. (NYSE:SONY) by 93.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,000 shares of the company’s stock after selling 134,450 shares during the quarter. Nomura Holdings Inc.’s holdings in Sony Group were worth $947,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CVA Family Office LLC acquired a new stake in Sony Group in the 4th quarter valued at $27,000. Fortitude Family Office LLC acquired a new stake in Sony Group in the 4th quarter worth about $31,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in Sony Group during the 4th quarter worth approximately $34,000. Pinnacle Bancorp Inc. acquired a new position in shares of Sony Group during the fourth quarter valued at approximately $39,000. Finally, JFS Wealth Advisors LLC lifted its position in shares of Sony Group by 24.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Up 1.5 %

Shares of NYSE:SONY opened at $80.84 on Friday. Sony Group Co. has a 52-week low of $75.11 and a 52-week high of $100.88. The stock has a market cap of $99.77 billion, a P/E ratio of 14.86 and a beta of 0.95. The business has a fifty day moving average of $82.24 and a two-hundred day moving average of $88.04. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 0.27.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Sony Group had a net margin of 7.95% and a return on equity of 13.05%. The firm had revenue of $23.45 billion during the quarter, compared to analyst estimates of $18.97 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. On average, research analysts expect that Sony Group Co. will post 5.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

SONY has been the topic of several recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $108.00 target price on shares of Sony Group in a research note on Monday, February 26th. StockNews.com raised shares of Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average 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.