2,087 Shares in Sony Group Co. (NYSE:SONY) Acquired by Meyer Handelman Co.

Meyer Handelman Co. acquired a new stake in Sony Group Co. (NYSE:SONY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,087 shares of the company’s stock, valued at approximately $202,000.

Several other large investors have also modified their holdings of the company. Marshall Wace LLP raised its position in Sony Group by 8,495.0% in the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after purchasing an additional 838,543 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of Sony Group by 43.4% during the first quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after buying an additional 774,502 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Sony Group by 5.7% during 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 last quarter. Manning & Napier Advisors LLC acquired a new position in Sony Group in the 2nd quarter valued at about $18,567,000. Finally, Pictet North America Advisors SA purchased a new stake in Sony Group during the 1st quarter valued at approximately $18,702,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Up 0.6 %

NYSE:SONY opened at $18.98 on Friday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $20.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. The stock has a fifty day moving average price of $29.20 and a two-hundred day moving average price of $21.22. The stock has a market capitalization of $117.13 billion, a price-to-earnings ratio of 17.64 and a beta of 0.94.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $17.42 billion. As a group, sell-side analysts anticipate that Sony Group Co. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SONY has been the topic of several analyst reports. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. StockNews.com raised shares of Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, TD Cowen lowered their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $22.30.

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.