Arnhold LLC Decreases Position in Sony Group Co. (NYSE:SONY)

Arnhold LLC reduced its stake in shares of Sony Group Co. (NYSE:SONY) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 160,823 shares of the company’s stock after selling 260 shares during the quarter. Sony Group accounts for approximately 1.7% of Arnhold LLC’s holdings, making the stock its 21st largest holding. Arnhold LLC’s holdings in Sony Group were worth $15,228,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new position in Sony Group in the 3rd quarter valued at about $405,000. U.S. Capital Wealth Advisors LLC purchased a new position in Sony Group in the third quarter valued at about $1,100,000. Valeo Financial Advisors LLC grew its stake in Sony Group by 2.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 5,808 shares of the company’s stock valued at $479,000 after purchasing an additional 132 shares in the last quarter. Live Oak Private Wealth LLC increased its holdings in Sony Group by 0.6% during the 3rd quarter. Live Oak Private Wealth LLC now owns 75,786 shares of the company’s stock worth $6,246,000 after purchasing an additional 469 shares during the last quarter. Finally, Arlington Partners LLC raised its position in shares of Sony Group by 37.4% in the 3rd quarter. Arlington Partners LLC now owns 1,984 shares of the company’s stock valued at $164,000 after purchasing an additional 540 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Performance

SONY traded down $0.39 on Tuesday, hitting $82.60. 464,263 shares of the company’s stock were exchanged, compared to its average volume of 766,873. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $85.48 and a two-hundred day moving average of $88.86. Sony Group Co. has a twelve month low of $79.62 and a twelve month high of $100.94. The firm has a market cap of $101.95 billion, a PE ratio of 15.95 and a beta of 0.98.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. The business had revenue of $25.38 billion for the quarter, compared to analysts’ expectations of $24.31 billion. On average, research analysts anticipate that Sony Group Co. will post 5.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

SONY has been the subject of a number of research analyst reports. Macquarie lowered shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Oppenheimer reiterated an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a research note on Monday, February 26th. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

About Sony Group

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.