Meitav Dash Investments Ltd. Decreases Stock Position in Sony Group Co. (NYSE:SONY)

Meitav Dash Investments Ltd. lessened its stake in Sony Group Co. (NYSE:SONY – Get Rating) by 5.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 50,198 shares of the company’s stock after selling 2,991 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Sony Group were worth $5,204,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Sony Group during the fourth quarter worth approximately $29,000. DeDora Capital Inc. purchased a new position in Sony Group in the first quarter valued at approximately $38,000. CENTRAL TRUST Co increased its stake in Sony Group by 86.4% in the fourth quarter. CENTRAL TRUST Co now owns 371 shares of the company’s stock valued at $47,000 after purchasing an additional 172 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in Sony Group in the fourth quarter valued at approximately $51,000. Finally, St. James Investment Advisors LLC purchased a new position in Sony Group in the fourth quarter valued at approximately $79,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SONY. Macquarie raised Sony Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 8th. Citigroup downgraded Sony Group from a “buy” rating to a “neutral” rating in a report on Tuesday, July 5th. Oppenheimer decreased their price target on Sony Group from $150.00 to $125.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Finally, TheStreet downgraded Sony Group from a “b-” rating to a “c+” rating in a report on Tuesday, July 5th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Sony Group presently has an average rating of “Moderate Buy” and a consensus target price of $125.00.

Sony Group Trading Up 0.4 %

Sony Group stock opened at $86.32 on Friday. Sony Group Co. has a one year low of $79.05 and a one year high of $133.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.60 and a quick ratio of 0.53. The business has a fifty day moving average of $85.63 and a two-hundred day moving average of $93.89.

Sony Group (NYSE:SONY – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.05). Sony Group had a net margin of 8.91% and a return on equity of 11.54%. The business had revenue of $19.49 billion during the quarter, compared to analyst estimates of $20.82 billion. Research analysts forecast that Sony Group Co. will post 5.63 EPS for the current fiscal year.

Sony Group Profile

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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 and portable game consoles, packaged software, and peripheral devices.