Vontobel Holding Ltd. Sells 1,024 Shares of Sony Group Co. (NYSE:SONY)

Vontobel Holding Ltd. decreased its holdings in shares of Sony Group Co. (NYSE:SONY) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,953 shares of the company’s stock after selling 1,024 shares during the quarter. Vontobel Holding Ltd.’s holdings in Sony Group were worth $6,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Sony Group by 2,317.1% during the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock valued at $5,127,000 after acquiring an additional 51,903 shares during the period. Fifth Third Bancorp grew its position in shares of Sony Group by 290.8% during the 4th quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock valued at $4,175,000 after purchasing an additional 32,811 shares in the last quarter. XY Capital Ltd purchased a new position in shares of Sony Group during the 3rd quarter valued at $876,000. Bleakley Financial Group LLC grew its position in shares of Sony Group by 25.3% during the 4th quarter. Bleakley Financial Group LLC now owns 7,178 shares of the company’s stock valued at $680,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Anchor Investment Management LLC purchased a new position in shares of Sony Group during the 4th quarter valued at $272,000. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 0.8 %

Shares of NYSE:SONY opened at $82.97 on Wednesday. Sony Group Co. has a 52-week low of $79.62 and a 52-week high of $100.94. The firm has a fifty day moving average of $87.67 and a 200 day moving average of $88.97. The firm has a market capitalization of $102.40 billion, a PE ratio of 16.02 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Oppenheimer restated an “outperform” rating and set a $108.00 price target on shares of Sony Group in a research report on Monday, February 26th. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Finally, Macquarie lowered shares of Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

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.