Cambridge Investment Research Advisors Inc. owns $2.05M stake in Sony Group Co. (NYSE:SONY)

Cambridge Investment Research Advisors Inc. increased its position in shares of Sony Group Co. (NYSE:SONY – Free Report) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,153 shares of the company’s stock after purchasing an additional 351 shares during the period. Cambridge Investment Research Advisors Inc. holdings. in Sony Group were worth $2,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in Sony Group by 107.9% in the fourth quarter. Russell Investments Group Ltd. now owns 1,297 shares of the company’s stock valued at $123,000 after buying an additional 673 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Sony Group by 10.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 7,623 shares of the company’s stock valued at $722,000 after purchasing an additional 703 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Sony Group by 9.5% during the 4th quarter. First Horizon Advisors Inc. now owns 3,759 shares of the company’s stock worth $356,000 after acquiring an additional 327 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Sony Group in the fourth quarter valued at about $306,000. Finally, 9258 Wealth Management LLC bought a new stake in Sony Group in the fourth quarter valued at $221,000. 14.05% of shares are owned by institutional investors.

Sony group trading up 0.8%

Shares of NYSE:SONY opened at $97.56 on Tuesday. Sony Group Co. has a 12-month low of $75.11 and a 12-month high of $100.88. The company has a 50-day moving average of $89.46 and a 200-day moving average of $86.00. The company has a quick ratio of 0.47, a current ratio of 0.63, and a debt-to-equity ratio of 0.26. The stock has a market cap of $120.41 billion, a PE ratio of 17.93 and a beta of 0.94.

Shares of Sony Group will split before the market opens on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14. The newly created shares will be issued to shareholders after the closing bell on Monday, September 30.

Sony Group (NYSE:SONY – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. The firm had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. As a group, equities research analysts forecast that Sony Group Co. will post 5.63 earnings per share for the current year.

Analyst upgrades and downgrades

Separately, StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Moderate Buy” and a consensus price target of $108.00, based on data from MarketBeat.com.

See the latest stock report on SONY

Sony group profile

(Free report)

Sony Group Corporation designs, develops, manufactures and sells electronic equipment, instruments and devices for the consumer, professional and industrial markets in Japan, the United States, Europe, China, Asia-Pacific and internationally. The Company distributes software titles and additional content through digital networks; Network services relating to game, video and music content; and home game consoles, game software and packages, and peripherals.

Featured stories

Want to see what other hedge funds own SONY? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Sony Group Co. (NYSE:SONY – Free Report).

Get news and reviews for Sony Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sony Group and related companies with MarketBeat.com’s FREE daily email newsletter.