Johnson Investment Counsel Inc. raised its holdings in shares of Sony Group Co. (NYSE:SONY – Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,643 shares of the company’s stock after purchasing an additional 282 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Sony Group were worth $688,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in SONY. GoalVest Advisory LLC bought a new stake in shares of Sony Group in the second quarter valued at about $25,000. Syverson Strege & Co raised its holdings in shares of Sony Group by 31,300.0% in the first quarter. Syverson Strege & Co now owns 314 shares of the company’s stock valued at $28,000 after acquiring an additional 313 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of Sony Group in the first quarter valued at about $28,000. KB Financial Partners LLC bought a new stake in shares of Sony Group in the first quarter valued at about $29,000. Finally, Founders Capital Management bought a new stake in shares of Sony Group in the second quarter valued at about $36,000. 8.02% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
SONY has been the subject of several recent research reports. Benchmark initiated coverage on Sony Group in a report on Monday, October 16th. They issued a “buy” rating for the company. TheStreet lowered Sony Group from a “b-” rating to a “c+” rating in a research note on Wednesday, August 16th. Finally, StockNews.com started coverage on Sony Group in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.
Sony Group Price Performance
SONY opened at $87.53 on Tuesday. The business’s 50-day moving average is $84.39 and its two-hundred day moving average is $88.93. Sony Group Co. has a 1 year low of $74.81 and a 1 year high of $100.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.66 and a quick ratio of 0.47. The firm has a market capitalization of $108.03 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 3.72 and a beta of 1.01.
Sony Group 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.
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