Sony Group Co. (NYSE:SONY) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management increased its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 27.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,840 shares of the company's stock after purchasing an additional 5,296 shares during the period. Ritholtz Wealth Management's holdings in Sony Group were worth $2,110,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sage Mountain Advisors LLC grew its holdings in Sony Group by 7.4% during the 2nd quarter. Sage Mountain Advisors LLC now owns 2,598 shares of the company's stock valued at $221,000 after buying an additional 178 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Sony Group by 37.5% during the second quarter. Commonwealth Equity Services LLC now owns 32,329 shares of the company's stock valued at $2,746,000 after purchasing an additional 8,811 shares in the last quarter. Rothschild Investment LLC bought a new position in Sony Group during the second quarter valued at $123,000. Hantz Financial Services Inc. purchased a new position in shares of Sony Group in the 2nd quarter worth $1,293,000. Finally, Heritage Family Offices LLP bought a new stake in shares of Sony Group in the 2nd quarter worth about $718,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Two 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 has a consensus rating of "Moderate Buy" and an average price target of $108.00.

Sony Group Trading Up 0.8 %

SONY traded up $0.75 during trading on Monday, reaching $97.56. The company had a trading volume of 400,900 shares, compared to its average volume of 840,576. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The business has a 50 day simple moving average of $89.13 and a 200-day simple moving average of $85.96. The stock has a market cap of $120.41 billion, a P/E ratio of 17.93 and a beta of 0.94. Sony Group Co. has a 52 week low of $75.11 and a 52 week high of $100.88.

Shares of Sony Group are set to split 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 - Get Free Report) last released its quarterly earnings data 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 company 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%. On average, equities analysts anticipate that Sony Group Co. will post 5.63 EPS for the current fiscal 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.