Ballentine Partners LLC increased its position in Sony Group Co. (NYSE:SONY)

Ballentine Partners LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY – Free Report) by 19.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,879 shares of the company’s stock after buying an additional 2,092 shares during the quarter. Ballentine Partners LLC’s holdings in Sony Group were worth $1,094,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Sony Group in the second quarter valued at $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Sony Group in the first quarter valued at approximately $29,000. Rise Advisors LLC increased its holdings in shares of Sony Group by 259.2% in the first quarter. Rise Advisors LLC now owns 352 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of Sony Group in the second quarter valued at about $41,000. Finally, Family Firm Inc. acquired a new stake in shares of Sony Group in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 14.05% of the company’s shares.

Sony Group Trading Up 1.1%

Shares of SONY stock opened at $91.04 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.47, and a debt-to-equity ratio of 0.26. The firm has a market cap of $112.36 billion, a P/E ratio of 16.74 and a beta of 0.94. The firm has a 50-day moving average price of $90.38 and a 200-day moving average price of $86.17. Sony Group Co. has a 12-month low of $75.11 and a 12-month high of $100.88.

Shares of Sony Group are scheduled to split on the morning of 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 Your Free Report ) last announced its 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. The company had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. Sell-side analysts estimate that Sony Group Co. will post 5.63 EPS for the current year.

Changes in Analyst Ratings

Separately, StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a 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 stock. Sony Group has a consensus rating of “Moderate Buy” and a consensus price target of $108.00, based on data from MarketBeat.

See the latest stock analysis on SONY

Sony Group Company 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.

See Also

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