&Partners Takes $765,000 Position in Sony Group Co. (NYSE:SONY)

&PARTNERS purchased a new position in Sony Group Co. (NYSE:SONY - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,000 shares of the company's stock, valued at approximately $765,000.

Several other institutional investors have also recently added to or reduced their stakes in SONY. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Sony Group in the 2nd quarter valued at approximately $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Sony Group during the first quarter worth $29,000. Rise Advisors LLC lifted its position in shares of Sony Group by 259.2% in the 1st quarter. Rise Advisors LLC now owns 352 shares of the company's stock worth $30,000 after buying an additional 254 shares during the last quarter. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Sony Group in the 4th quarter valued at about $34,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Sony Group during the 2nd quarter valued at about $49,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $108.00.

Sony Group Stock Performance

Shares of NYSE SONY traded up $1.10 during midday trading on Friday, hitting $92.39. 444,368 shares of the company's stock were exchanged, compared to its average volume of 845,608. Sony Group Co. has a twelve month low of $75.11 and a twelve month high of $100.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47. The firm has a market cap of $114.03 billion, a P/E ratio of 16.96 and a beta of 0.94. The stock's 50 day moving average price is $87.37 and its 200-day moving average price is $86.13.

Sony Group's stock is scheduled 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 - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.11. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. The firm had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. Equities research analysts anticipate that Sony Group Co. will post 5.68 EPS for the current 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.