Atria Investments LLC Increases Holdings in Sony Group Co. (NYSE:SONY)

Atria Investments LLC lifted its position in Sony Group Co. (NYSE:SONYGet Rating) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,922 shares of the company’s stock after purchasing an additional 3,912 shares during the quarter. Atria Investments LLC’s holdings in Sony Group were worth $7,953,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cedar Wealth Management LLC purchased a new position in shares of Sony Group in the third quarter worth about $25,000. Smithfield Trust Co purchased a new position in Sony Group during the third quarter valued at approximately $26,000. CVA Family Office LLC purchased a new position in Sony Group during the fourth quarter valued at approximately $31,000. Better Money Decisions LLC purchased a new position in Sony Group during the third quarter valued at approximately $31,000. Finally, Hexagon Capital Partners LLC purchased a new position in Sony Group during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 15.26% of the company’s stock.

Shares of NYSE:SONY opened at $88.44 on Monday. Sony Group Co. has a 1 year low of $88.00 and a 1 year high of $133.75. The firm has a market capitalization of $107.91 billion, a PE ratio of 14.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.65 and a quick ratio of 0.55. The business’s 50 day moving average price is $101.90 and its 200-day moving average price is $112.66.

Sony Group (NYSE:SONYGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The company reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.51. Sony Group had a return on equity of 12.12% and a net margin of 8.83%. The firm had revenue of $26.68 billion for the quarter, compared to the consensus estimate of $26.01 billion. As a group, analysts expect that Sony Group Co. will post 6.28 earnings per share for the current year.

Several brokerages have commented on SONY. Zacks Investment Research lowered Sony Group from a “buy” rating to a “sell” rating and set a $115.00 price objective on the stock. in a report on Friday, February 4th. StockNews.com began coverage on Sony Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Sony Group currently has an average rating of “Hold” and a consensus target price of $115.00.

Sony Group Company Profile (Get Rating)

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home and portable game consoles, packaged software, and peripheral devices.

See Also

Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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