Sony Group Co. (NYSE:SONY) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC decreased its holdings in shares of Sony Group Co. (NYSE:SONY) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,483 shares of the company’s stock after selling 737 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Sony Group were worth $3,331,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV lifted its stake in Sony Group by 18.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 36,032 shares of the company’s stock valued at $3,061,000 after buying an additional 5,649 shares during the last quarter. Wealth Alliance increased its holdings in shares of Sony Group by 1.2% in the 2nd quarter. Wealth Alliance now owns 11,977 shares of the company’s stock worth $1,017,000 after acquiring an additional 141 shares during the period. Foresight Global Investors Inc. lifted its position in Sony Group by 12.4% in the 2nd quarter. Foresight Global Investors Inc. now owns 271,199 shares of the company’s stock valued at $23,038,000 after purchasing an additional 29,881 shares during the last quarter. Pekin Hardy Strauss Inc. boosted its stake in Sony Group by 3.5% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 73,639 shares of the company’s stock valued at $6,256,000 after purchasing an additional 2,510 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Sony Group in the 2nd quarter worth about $10,347,000. Institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SONY. Daiwa America raised Sony Group to a “strong-buy” rating in a report on Wednesday. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Stock Up 3.0 %

SONY stock opened at $93.24 on Friday. The firm’s 50-day moving average is $91.05 and its two-hundred day moving average is $86.47. The company has a market capitalization of $115.08 billion, a price-to-earnings ratio of 17.14 and a beta of 0.95. Sony Group Co. has a 52 week low of $75.11 and a 52 week high of $100.88. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26.

Sony Group’s stock is scheduled to split before the market opens on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly issued shares will be payable to shareholders after the market closes on Monday, September 30th.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.11. The business had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. On average, analysts forecast that Sony Group Co. will post 5.63 earnings per share for the current fiscal 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.