Nomura Holdings Inc. Cuts Holdings in Sony Group Co. (NYSE:SONY)

Nomura Holdings Inc. cut its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 93.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the company's stock after selling 134,450 shares during the quarter. Nomura Holdings Inc.'s holdings in Sony Group were worth $947,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC bought a new position in shares of Sony Group in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new position in shares of Sony Group during the fourth quarter valued at $31,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Sony Group during the 4th quarter worth approximately $34,000. Pinnacle Bancorp Inc. acquired a new stake in Sony Group in the 4th quarter valued at about $39,000. Finally, JFS Wealth Advisors LLC raised its position in shares of Sony Group by 24.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 544 shares of the company's stock worth $52,000 after acquiring an additional 108 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SONY shares. StockNews.com raised shares of Sony Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 22nd. Oppenheimer reaffirmed an "outperform" rating and issued a $108.00 price objective on shares of Sony Group in a research report on Monday, February 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $108.00.

Sony Group Stock Down 0.4 %

Sony Group stock traded down $0.32 during midday trading on Friday, reaching $80.51. The stock had a trading volume of 2,068,691 shares, compared to its average volume of 847,923. The company has a fifty day moving average price of $82.17 and a two-hundred day moving average price of $87.99. Sony Group Co. has a 12 month low of $75.11 and a 12 month high of $100.88. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $99.37 billion, a P/E ratio of 14.82 and a beta of 0.95.

Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.21. The firm had revenue of $23.45 billion during the quarter, compared to analyst estimates of $18.97 billion. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. During the same period in the previous year, the company posted $0.78 EPS. As a group, equities analysts expect that Sony Group Co. will post 5.6 EPS for the current fiscal year.

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.