Sony Group Co. (NYSE:SONY) Shares Sold by Cwm LLC

Cwm LLC reduced its stake in Sony Group Co. (NYSE:SONY) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,381 shares of the company’s stock after selling 2,362 shares during the quarter. Cwm LLC’s holdings in Sony Group were worth $6,700,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Sony Group in the 2nd quarter worth approximately $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Sony Group in the first quarter valued at $29,000. Rise Advisors LLC increased its stake in Sony Group by 259.2% in the first quarter. Rise Advisors LLC now owns 352 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Sony Group during the second quarter worth about $41,000. Finally, Family Firm Inc. acquired a new stake in Sony Group in the 2nd quarter worth about $44,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Trading Up 0.6 %

NYSE SONY opened at $18.98 on Friday. The firm has a market capitalization of $117.13 billion, a price-to-earnings ratio of 17.64 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. Sony Group Co. has a one year low of $15.02 and a one year high of $20.18. The company’s 50 day moving average price is $29.20 and its 200 day moving average price is $21.22.

Sony Group (NYSE:SONY) last issued its earnings results on Wednesday, August 7th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The business had revenue of $19.32 billion for the quarter, compared to the consensus estimate of $17.42 billion. On average, sell-side analysts predict that Sony Group Co. will post 0.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SONY. TD Cowen dropped their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, StockNews.com raised shares of Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $22.30.

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.