Marks Group Wealth Management Inc Has $1.66 Million Holdings in Sony Group Co. (NYSE:SONY)

Marks Group Wealth Management Inc trimmed its stake in shares of Sony Group Co. (NYSE:SONY) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,197 shares of the company’s stock after selling 641 shares during the period. Marks Group Wealth Management Inc’s holdings in Sony Group were worth $1,661,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SONY. Mediolanum International Funds Ltd acquired a new position in Sony Group during the 3rd quarter worth approximately $109,462,000. Marshall Wace LLP boosted its holdings in Sony Group by 8,495.0% during 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 last quarter. Mondrian Investment Partners LTD grew its position in Sony Group by 43.4% in the first quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock valued at $220,033,000 after purchasing an additional 774,502 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Sony Group in the 2nd quarter valued at $18,567,000. Finally, Alight Capital Management LP bought a new stake in Sony Group during the 2nd quarter worth about $12,742,000. 14.05% of the stock is owned by institutional investors.

Sony Group Price Performance

Shares of NYSE SONY opened at $18.00 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $20.18. The business’s 50 day moving average price is $11.68 and its two-hundred day moving average price is $6.33. The company has a market cap of $108.83 billion, a PE ratio of 16.72 and a beta of 0.95.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. The business had revenue of $19.32 billion during the quarter, compared to the consensus estimate of $17.42 billion. On average, analysts predict that Sony Group Co. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Cowen lowered their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Daiwa America upgraded Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sony Group presently has a consensus rating of “Moderate Buy” and an average target price of $13.66.

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.