Insigneo Advisory Services LLC Has $395,000 Stake in Sony Group Co. (NYSE:SONY)

Insigneo Advisory Services LLC cut its position in Sony Group Co. (NYSE:SONY) by 19.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,797 shares of the company’s stock after selling 1,130 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Sony Group were worth $395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SONY. Brown Brothers Harriman & Co. raised its position in Sony Group by 16.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 786 shares of the company’s stock valued at $74,000 after purchasing an additional 112 shares in the last quarter. American National Bank raised its holdings in shares of Sony Group by 11.3% during the 2nd quarter. American National Bank now owns 1,172 shares of the company’s stock worth $100,000 after buying an additional 119 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Sony Group by 1.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock worth $735,000 after buying an additional 124 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Sony Group by 20.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 749 shares of the company’s stock worth $64,000 after buying an additional 128 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in Sony Group by 1.4% in the second quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock valued at $787,000 after buying an additional 128 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

Sony Group Stock Performance

NYSE:SONY opened at $98.63 on Friday. The stock’s 50-day moving average is $91.01 and its 200-day moving average is $86.83. Sony Group Co. has a 1-year low of $75.11 and a 1-year 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. The stock has a market cap of $121.73 billion, a P/E ratio of 18.13 and a beta of 0.95.

Shares of Sony Group are going to split before the market opens on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly created shares will be distributed to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.11. The firm had revenue of $19.32 billion during the quarter, compared to analysts’ expectations of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. Equities research analysts anticipate that Sony Group Co. will post 5.63 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.