Sony Group Co. (NYSE:SONY) Shares Sold by Henry James International Management Inc.

Henry James International Management Inc. trimmed its position in shares of Sony Group Co. (NYSE:SONY) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,597 shares of the company’s stock after selling 6,815 shares during the quarter. Sony Group makes up about 3.5% of Henry James International Management Inc.’s investment portfolio, making the stock its 9th largest holding. Henry James International Management Inc.’s holdings in Sony Group were worth $10,101,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Pictet North America Advisors SA lifted its holdings in Sony Group by 19.4% in the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after purchasing an additional 39,688 shares during the last quarter. Ellsworth Advisors LLC acquired a new position in shares of Sony Group during the second quarter worth approximately $1,413,000. Diversify Wealth Management LLC lifted its holdings in shares of Sony Group by 511.4% during the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock worth $4,867,000 after buying an additional 42,156 shares during the last quarter. Creative Planning lifted its holdings in shares of Sony Group by 2.7% during the second quarter. Creative Planning now owns 284,636 shares of the company’s stock worth $24,180,000 after buying an additional 7,401 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Sony Group by 279.8% during the second quarter. Blue Trust Inc. now owns 3,445 shares of the company’s stock worth $295,000 after buying an additional 2,538 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SONY shares. TD Cowen lowered 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 upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.66.

Sony Group Price Performance

Shares of Sony Group stock opened at $17.74 on Monday. 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’s 50-day simple moving average is $11.11 and its 200-day simple moving average is $6.12. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $20.18. The firm has a market cap of $107.29 billion, a P/E ratio of 16.42 and a beta of 0.95.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. As a group, research analysts expect that Sony Group Co. will post 1.12 EPS for the current fiscal year.

About Sony Group

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.