Creative Planning Raises Stock Position in Sony Group Co. (NYSE:SONY)

Creative Planning increased its stake in Sony Group Co. (NYSE:SONY – Free Report) by 2.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 284,636 shares of the company’s stock after purchasing an additional 7,401 shares during the period. Creative Planning’s holdings in Sony Group were worth $24,180,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SONY. Harding Loevner LP boosted its holdings in shares of Sony Group by 2,206.6% in the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock worth $219,419,000 after buying an additional 2,181,169 shares during the period. Marshall Wace LLP boosted its holdings in shares of Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after purchasing an additional 838,543 shares during the period. Mondrian Investment Partners LTD boosted its holdings in shares of Sony Group by 43.4% in the first quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after purchasing an additional 774,502 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Sony Group by 5.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock worth $602,106,000 after buying an additional 341,566 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Sony Group by 26.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock worth $127,338,000 after buying an additional 277,537 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s shares.

Sony Group stocks rose 0.4%

Shares of NYSE:SONY opened at $96.54 on Tuesday. Sony Group Co. has a 1 year low of $75.11 and a 1 year high of $100.88. The company has a market cap of $119.15 billion, a PE ratio of 17.75 and a beta of 0.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63, and a quick ratio of 0.47. The stock’s 50-day moving average is $19.77 and its 200-day moving average is $17.93.

Sony Group (NYSE:SONY – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. The company had revenue of $19.32 billion for the quarter, compared to analysts’ expectations of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. Analysts from the sales side anticipate that Sony Group Co. will record 5.63 EPS for the current year.

Changes in Analyst Ratings

SONY has been the subject of a number of analyst research reports. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Moderate Buy” and a consensus price target of $21.60, according to MarketBeat.com.

Get the latest stock analysis on Sony Group

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.

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