Sony Group Co. (NYSE:SONY) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC lowered its holdings in shares of Sony Group Co. (NYSE:SONY) by 1.8% in the third quarter, Holdings Channel reports. The firm owned 49,523 shares of the company’s stock after selling 901 shares during the quarter. Boston Common Asset Management LLC’s holdings in Sony Group were worth $4,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of SONY. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Sony Group during the 2nd quarter worth $26,000. Sunbelt Securities Inc. purchased a new position in shares of Sony Group in the 1st quarter valued at about $29,000. Rise Advisors LLC increased its holdings in shares of Sony Group by 259.2% in the 1st quarter. Rise Advisors LLC now owns 352 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Sony Group in the 2nd quarter valued at about $41,000. Finally, Family Firm Inc. purchased a new position in shares of Sony Group in the 2nd quarter valued at about $44,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Down 1.0 %

Shares of NYSE:SONY opened at $18.85 on Friday. 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 company has a fifty day simple moving average of $29.15 and a 200 day simple moving average of $21.18. The firm has a market cap of $116.33 billion, a PE ratio of 17.52 and a beta of 0.94. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $20.18.

Sony Group (NYSE:SONY) last released its earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. 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 analyst estimates of $17.42 billion. On average, equities research analysts anticipate that Sony Group Co. will post 0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SONY shares. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com upgraded shares of Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sony Group has a consensus rating of “Buy” and a consensus price target of $21.60.

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.