UBS Group AG Sells 9,758 Shares of Sony Group Co. (NYSE:SONY)

UBS Group AG lowered its holdings in shares of Sony Group Co. (NYSE:SONY – Get Rating) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,710 shares of the company’s stock after selling 9,758 shares during the quarter. UBS Group AG’s holdings in Sony Group were worth $9,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Fisher Asset Management LLC raised its holdings in Sony Group by 1,876.1% in the 3rd quarter. Fisher Asset Management LLC now owns 4,743,413 shares of the company’s stock worth $303,816,000 after acquiring an additional 4,503,375 shares during the period. Boston Partners raised its holdings in Sony Group by 76.7% in the 4th quarter. Boston Partners now owns 3,043,690 shares of the company’s stock worth $234,535,000 after acquiring an additional 1,320,906 shares during the period. OLD Mission Capital LLC bought a new position in Sony Group in the 3rd quarter worth $38,606,000. Ninety One UK Ltd bought a new position in Sony Group in the 4th quarter worth $15,705,000. Finally, BlackRock Inc. grew its position in Sony Group by 14.2% in the 3rd quarter. BlackRock Inc. now owns 1,459,119 shares of the company’s stock worth $93,456,000 after purchasing an additional 181,826 shares during the last quarter. Institutional investors own 7.74% of the company’s stock.

Sony Group Price Performance

Shares of Sony Group stock opened at $94.97 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.46 and a current ratio of 0.62. The firm’s 50-day simple moving average is $91.12 and its 200-day simple moving average is $86.09. Sony Group Co. has a twelve month low of $61.72 and a twelve month high of $99.15. The firm has a market cap of $117.19 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 3.51 and a beta of 1.06.

Sony Group (NYSE:SONY – Get Rating) last issued its earnings results on Friday, April 28th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.22. Sony Group had a net margin of 8.08% and a return on equity of 13.43%. The business had revenue of $23.17 billion for the quarter, compared to analyst estimates of $22.99 billion. As a group, research analysts expect that Sony Group Co. will post 5.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Cowen raised their price target on shares of Sony Group from $102.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. StockNews.com assumed coverage on shares of Sony Group in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $110.00.

Sony Group Profile

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Sony Group Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and Others.