Lathrop Investment Management Corp Sells 2,707 Shares of Sony Group Co. (NYSE:SONY)

Lathrop Investment Management Corp cut its stake in shares of Sony Group Co. (NYSE:SONY) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,853 shares of the company’s stock after selling 2,707 shares during the quarter. Sony Group comprises approximately 2.3% of Lathrop Investment Management Corp’s portfolio, making the stock its 19th biggest position. Lathrop Investment Management Corp’s holdings in Sony Group were worth $12,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in SONY. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Sony Group during the 2nd quarter worth approximately $26,000. Ridgewood Investments LLC purchased a new stake in shares of Sony Group during the 2nd quarter valued at about $41,000. Family Firm Inc. bought a new stake in shares of Sony Group in the 2nd quarter valued at approximately $44,000. Hobbs Group Advisors LLC bought a new position in Sony Group during the second quarter valued at $49,000. Finally, Hexagon Capital Partners LLC grew its holdings in Sony Group by 38.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after purchasing an additional 233 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SONY shares. Oppenheimer dropped their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. TD Cowen lowered their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sony Group has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Trading Down 0.6 %

Shares of SONY stock opened at $19.07 on Friday. The stock has a market capitalization of $115.33 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 11.98 and a beta of 0.95. The company has a 50 day moving average price of $15.28 and a 200 day moving average price of $7.57. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $20.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group Company 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.