Sony Group Co. (NYSE:SONY) Shares Sold by Caprock Group LLC

Caprock Group LLC reduced its holdings in shares of Sony Group Co. (NYSE:SONY – Free Report) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,665 shares of the company’s stock after selling 1,025 shares during the period. Caprock Group LLC’s holdings in Sony Group were worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SONY. Russell Investments Group Ltd. boosted its holdings in shares of Sony Group by 107.9% during the fourth quarter. Russell Investments Group Ltd. now owns 1,297 shares of the company’s stock worth $123,000 after purchasing an additional 673 shares during the period. 9258 Wealth Management LLC purchased a new position in Sony Group in the 4th quarter valued at about $221,000. Johnson Investment Counsel Inc. boosted its holdings in shares of Sony Group by 5.8% in the fourth quarter. Johnson Investment Counsel Inc. now owns 8,084 shares of the company’s stock valued at $765,000 after acquiring an additional 443 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Sony Group by 61.9% in the fourth quarter. QRG Capital Management Inc. now owns 68,652 shares of the company’s stock worth $6,501,000 after acquiring an additional 26,256 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Sony Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 547,573 shares of the company’s stock valued at $51,850,000 after buying an additional 2,350 shares during the period. 14.05% of the shares are currently held by hedge funds and other institutional investors.

Sony Group stock performance

SONY opened at $91.04 on Tuesday. The firm has a fifty day moving average price of $90.38 and a 200 day moving average price of $86.17. Sony Group Co. has a 1 year low of $75.11 and a 1 year high of $100.88. The stock has a market cap of $112.36 billion, a P/E ratio of 16.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63, and a quick ratio of 0.47.

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

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

Analysts set new price targets

Separately, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and an average target price of $108.00, according to MarketBeat.

Check out our latest review of SONY

About Sony Group

(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.

See Also

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.