Aperture Investors LLC Sells 7,254 Shares of Sony Group Co. (NYSE:SONY)

Aperture Investors LLC lessened its holdings in shares of Sony Group Co. (NYSE:SONY) by 4.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,138 shares of the company’s stock after selling 7,254 shares during the quarter. Sony Group comprises approximately 1.9% of Aperture Investors LLC’s portfolio, making the stock its 22nd biggest holding. Aperture Investors LLC’s holdings in Sony Group were worth $13,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. lifted its holdings in shares of Sony Group by 2.5% in the first quarter. Wetherby Asset Management Inc. now owns 41,487 shares of the company’s stock worth $3,761,000 after buying an additional 1,013 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Sony Group by 14.8% in the first quarter. Stifel Financial Corp now owns 212,224 shares of the company’s stock worth $19,238,000 after buying an additional 27,367 shares in the last quarter. Candriam S.C.A. purchased a new stake in shares of Sony Group in the first quarter worth about $3,585,000. Johnson Financial Group Inc. purchased a new stake in shares of Sony Group in the first quarter worth about $282,000. Finally, BlackRock Inc. lifted its holdings in shares of Sony Group by 76.5% in the first quarter. BlackRock Inc. now owns 2,649,244 shares of the company’s stock worth $240,154,000 after buying an additional 1,148,165 shares in the last quarter. Institutional investors own 8.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Sony Group in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. TheStreet downgraded shares of Sony Group from a “b-” rating to a “c+” rating in a research note on Wednesday, August 16th. Finally, The Goldman Sachs Group raised shares of Sony Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 12th.

Sony Group Trading Down 1.2 %

Shares of SONY traded down $1.01 during mid-day trading on Friday, reaching $84.22. The company’s stock had a trading volume of 488,940 shares, compared to its average volume of 690,663. The stock has a market cap of $103.93 billion, a PE ratio of 15.40, a P/E/G ratio of 3.55 and a beta of 1.04. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. Sony Group Co. has a 52 week low of $61.72 and a 52 week high of $100.94. The company’s fifty day moving average price is $88.20 and its two-hundred day moving average price is $90.27.

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.