Successful Portfolios LLC Sells 3,000 Shares of Sony Group Co. (NYSE:SONY)

Successful Portfolios LLC reduced its stake in Sony Group Co. (NYSE:SONY) by 13.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,995 shares of the company’s stock after selling 3,000 shares during the period. Sony Group accounts for 1.3% of Successful Portfolios LLC’s holdings, making the stock its 17th biggest holding. Successful Portfolios LLC’s holdings in Sony Group were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SONY. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report 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. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sony Group presently has a consensus rating of “Buy” and an average target price of $21.60.

Sony Group Trading Up 0.2 %

NYSE SONY traded up $0.04 during trading on Friday, hitting $18.90. The stock had a trading volume of 380,779 shares, compared to its average volume of 3,999,671. The company has a market capitalization of $116.63 billion, a PE ratio of 17.52 and a beta of 0.94. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average price of $29.15 and a 200 day moving average price of $21.18. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $20.18.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. The company had revenue of $19.32 billion during the quarter, compared to analysts’ expectations of $17.42 billion. As a group, equities research analysts forecast that Sony Group Co. will post 0.61 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.