Headlands Technologies LLC Increases Stake in Sony Group Co. (NYSE:SONY)

Headlands Technologies LLC boosted its stake in Sony Group Co. (NYSE:SONY) by 7.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,832 shares of the company’s stock after buying an additional 411 shares during the period. Headlands Technologies LLC’s holdings in Sony Group were worth $495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SONY. Fisher Asset Management LLC grew its holdings in Sony Group by 5.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock worth $602,106,000 after purchasing an additional 341,566 shares during the period. Mondrian Investment Partners LTD grew its stake in shares of Sony Group by 43.4% in the first quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after acquiring an additional 774,502 shares during the last quarter. Harding Loevner LP increased its holdings in shares of Sony Group by 2,206.6% during the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock valued at $219,419,000 after acquiring an additional 2,181,169 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Sony Group by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock worth $138,635,000 after purchasing an additional 18,487 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Sony Group by 26.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock worth $127,338,000 after purchasing an additional 277,537 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Price Performance

Shares of NYSE:SONY opened at $93.63 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. The firm has a market cap of $115.56 billion, a price-to-earnings ratio of 17.21 and a beta of 0.94. The business has a 50-day simple moving average of $90.83 and a two-hundred day simple moving average of $86.31. Sony Group Co. has a fifty-two week low of $75.11 and a fifty-two week high of $100.88.

Sony Group’s stock is going to split on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly issued shares will be issued to shareholders after the closing bell on Monday, September 30th.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sony Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

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.