Sony Group Co. (NYSE:SONY) Shares Sold by Bailard Inc.

Bailard Inc. trimmed its holdings in shares of Sony Group Co. (NYSE:SONY) by 7.4% during the fourth quarter, Holdings Channel reports. The firm owned 78,241 shares of the company’s stock after selling 6,275 shares during the quarter. Bailard Inc.’s holdings in Sony Group were worth $7,409,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CVA Family Office LLC acquired a new stake in shares of Sony Group in the 4th quarter worth about $27,000. Fortitude Family Office LLC acquired a new stake in shares of Sony Group in the 4th quarter worth about $31,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Sony Group in the 4th quarter worth about $39,000. NBC Securities Inc. acquired a new stake in shares of Sony Group in the 3rd quarter worth about $51,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Sony Group in the 3rd quarter worth about $73,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Macquarie lowered shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Oppenheimer restated an “outperform” rating and issued a $108.00 target price on shares of Sony Group in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sony Group has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Price Performance

Shares of NYSE:SONY traded down $0.37 during trading hours on Thursday, hitting $82.34. 325,923 shares of the company’s stock traded hands, compared to its average volume of 772,444. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The company’s fifty day simple moving average is $86.02 and its two-hundred day simple moving average is $88.91. Sony Group Co. has a 52 week low of $79.62 and a 52 week high of $100.94. The company has a market cap of $101.63 billion, a price-to-earnings ratio of 15.97 and a beta of 0.98.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.32. The firm had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. As a group, equities analysts anticipate that Sony Group Co. will post 5.21 EPS for the current fiscal year.

About Sony Group

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.