XY Capital Ltd Has $4.56 Million Holdings in Sony Group Co. (NYSE:SONY)

XY Capital Ltd lessened its stake in Sony Group Co. (NYSE:SONY - Free Report) by 39.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,195 shares of the company's stock after selling 31,303 shares during the quarter. Sony Group accounts for approximately 1.6% of XY Capital Ltd's holdings, making the stock its 10th biggest position. XY Capital Ltd's holdings in Sony Group were worth $4,558,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bridgewater Advisors Inc. purchased a new position in Sony Group in the third quarter worth about $2,515,000. Martin Investment Management LLC raised its holdings in Sony Group by 2.6% in the 3rd quarter. Martin Investment Management LLC now owns 214,359 shares of the company's stock worth $20,701,000 after acquiring an additional 5,475 shares during the last quarter. QRG Capital Management Inc. lifted its position in Sony Group by 11.5% in the 3rd quarter. QRG Capital Management Inc. now owns 73,663 shares of the company's stock valued at $7,114,000 after acquiring an additional 7,572 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Sony Group by 5.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company's stock valued at $2,636,000 after purchasing an additional 1,504 shares during the last quarter. Finally, Cambiar Investors LLC increased its holdings in shares of Sony Group by 10.9% in the 3rd quarter. Cambiar Investors LLC now owns 163,228 shares of the company's stock worth $15,763,000 after purchasing an additional 16,088 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SONY. TD Cowen dropped their price objective on Sony Group from $107.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Daiwa America raised shares of Sony Group to a "strong-buy" rating in a report on Wednesday, September 18th. Finally, StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sony Group has an average rating of "Moderate Buy" and an average price target of $13.66.

Sony Group Stock Performance

Shares of SONY stock traded up $1.64 during mid-day trading on Friday, reaching $19.91. 10,593,697 shares of the company's stock traded hands, compared to its average volume of 3,897,587. 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 capitalization of $120.41 billion, a PE ratio of 18.50 and a beta of 0.95. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $20.67. The firm has a 50 day moving average price of $12.57 and a two-hundred day moving average price of $6.63.

Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. The business had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.42 billion. On average, research analysts forecast that Sony Group Co. will post 1.12 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.