Pictet North America Advisors SA Has $17.35 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

Pictet North America Advisors SA lowered its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 204,287 shares of the company's stock after selling 13,842 shares during the period. Sony Group makes up 1.9% of Pictet North America Advisors SA's investment portfolio, making the stock its 13th biggest holding. Pictet North America Advisors SA's holdings in Sony Group were worth $17,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its stake in shares of Sony Group by 24.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 544 shares of the company's stock valued at $52,000 after buying an additional 108 shares in the last quarter. Legacy Capital Group California Inc. lifted its position in Sony Group by 2.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,703 shares of the company's stock valued at $445,000 after acquiring an additional 110 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Sony Group by 16.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 786 shares of the company's stock valued at $74,000 after purchasing an additional 112 shares during the last quarter. American National Bank increased its holdings in 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 purchasing an additional 119 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its stake in shares of Sony Group by 20.6% in the first quarter. Hexagon Capital Partners LLC now owns 749 shares of the company's stock worth $64,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Group Stock Performance

NYSE:SONY traded up $1.10 during trading hours on Friday, reaching $92.39. The stock had a trading volume of 444,520 shares, compared to its average volume of 845,608. The stock has a market cap of $114.03 billion, a P/E ratio of 16.98 and a beta of 0.94. The stock has a 50 day simple moving average of $87.57 and a 200 day simple moving average of $86.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. Sony Group Co. has a 12-month low of $75.11 and a 12-month high of $100.88.

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

Sony Group (NYSE:SONY - Get Free Report) last issued its 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 for 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%. On average, research analysts forecast that Sony Group Co. will post 5.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.

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