Creative Planning Grows Stock Position in Sony Group Co. (NYSE:SONY)

Creative Planning lifted its stake in Sony Group Co. (NYSE:SONY) by 2.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 284,636 shares of the company’s stock after buying an additional 7,401 shares during the period. Creative Planning’s holdings in Sony Group were worth $24,180,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SONY. Harding Loevner LP increased its holdings in shares of Sony Group by 2,206.6% in the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock worth $219,419,000 after buying an additional 2,181,169 shares during the period. Marshall Wace LLP increased its holdings 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 buying an additional 838,543 shares during the period. Mondrian Investment Partners LTD increased its holdings in shares of Sony Group by 43.4% in the first quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after buying an additional 774,502 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Sony Group by 5.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock worth $602,106,000 after buying an additional 341,566 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Sony Group by 26.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock worth $127,338,000 after buying an additional 277,537 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 0.4 %

Shares of NYSE:SONY opened at $96.54 on Tuesday. Sony Group Co. has a 1 year low of $75.11 and a 1 year high of $100.88. The company has a market cap of $119.15 billion, a PE ratio of 17.75 and a beta of 0.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47. The stock’s 50-day moving average is $19.77 and its 200 day moving average is $17.93.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.24 earnings per share 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 analysts’ expectations of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. Sell-side analysts anticipate that Sony Group Co. will post 5.63 EPS for the current year.

Analyst Ratings Changes

SONY has been the topic of a number of research analyst reports. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.60.

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.