Sony Group Co. (NYSE:SONY) Shares Acquired by Richelieu Gestion SA

Richelieu Gestion SA boosted its position in Sony Group Co. (NYSE:SONY) by 28.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,042 shares of the company’s stock after purchasing an additional 682 shares during the period. Richelieu Gestion SA’s holdings in Sony Group were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in Sony Group by 5.3% in the first quarter. Fisher Asset Management LLC now owns 5,300,328 shares of the company’s stock worth $480,475,000 after purchasing an additional 264,458 shares during the period. Bank of America Corp DE lifted its position in shares of Sony Group by 27.2% during the 1st quarter. Bank of America Corp DE now owns 4,441,241 shares of the company’s stock valued at $402,598,000 after acquiring an additional 949,271 shares during the last quarter. Morgan Stanley lifted its position in shares of Sony Group by 6.9% during the 4th quarter. Morgan Stanley now owns 4,059,644 shares of the company’s stock valued at $309,670,000 after acquiring an additional 263,316 shares during the last quarter. Fiduciary Management Inc. WI lifted its position in shares of Sony Group by 2.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 3,469,561 shares of the company’s stock valued at $264,658,000 after acquiring an additional 71,357 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Sony Group by 76.5% during the 1st quarter. BlackRock Inc. now owns 2,649,244 shares of the company’s stock valued at $240,154,000 after acquiring an additional 1,148,165 shares during the last quarter. 8.02% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

NYSE:SONY remained flat at $86.76 during trading hours on Monday. 245,794 shares of the company’s stock traded hands, compared to its average volume of 781,939. The business’s fifty day simple moving average is $87.64 and its 200 day simple moving average is $90.46. 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 firm has a market capitalization of $107.06 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 3.60 and a beta of 1.04.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SONY. StockNews.com began coverage on Sony Group in a research report on Thursday, August 17th. They set a “hold” rating for the company. 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.

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.