Waldron Private Wealth LLC Has $1.91 Million Holdings in Sony Group Co. (NYSE:SONY)

Waldron Private Wealth LLC grew its holdings in Sony Group Co. (NYSE:SONY) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,763 shares of the company’s stock after purchasing an additional 629 shares during the period. Waldron Private Wealth LLC’s holdings in Sony Group were worth $1,909,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in Sony Group in the first quarter valued at about $29,000. Scharf Investments LLC increased its holdings in Sony Group by 3.9% in the first quarter. Scharf Investments LLC now owns 18,323 shares of the company’s stock worth $1,571,000 after buying an additional 680 shares during the last quarter. Register Financial Advisors LLC bought a new position in Sony Group during the first quarter valued at approximately $90,000. BKM Wealth Management LLC lifted its stake in Sony Group by 19.8% in the first quarter. BKM Wealth Management LLC now owns 7,155 shares of the company’s stock valued at $613,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in shares of Sony Group by 20.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 749 shares of the company’s stock worth $64,000 after purchasing an additional 128 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SONY has been the subject of several analyst reports. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, TD Cowen reduced their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Two 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.30.

Sony Group Stock Performance

SONY traded down $0.18 during midday trading on Tuesday, reaching $17.92. The company’s stock had a trading volume of 1,689,524 shares, compared to its average volume of 3,938,747. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $20.18. The stock has a market cap of $22.12 billion, a P/E ratio of 3.29 and a beta of 0.94. The company has a fifty day simple moving average of $29.42 and a 200 day simple moving average of $21.30. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26.

Sony Group (NYSE:SONY) last announced its earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The business had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. Research analysts expect that Sony Group Co. will post 0.6 earnings per share for the current year.

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.