Sony Group Co. (NYSE:SONY) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its holdings in Sony Group Co. (NYSE:SONYFree Report) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 113,732 shares of the company’s stock after acquiring an additional 1,510 shares during the period. New York State Common Retirement Fund’s holdings in Sony Group were worth $9,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SONY. Cetera Advisor Networks LLC grew its holdings in Sony Group by 31.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 4,306 shares of the company’s stock valued at $442,000 after buying an additional 1,039 shares during the last quarter. BlackRock Inc. lifted its holdings in Sony Group by 0.8% in the 1st quarter. BlackRock Inc. now owns 1,510,796 shares of the company’s stock valued at $155,174,000 after purchasing an additional 11,272 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Sony Group by 4.5% during the 1st quarter. Cibc World Market Inc. now owns 28,862 shares of the company’s stock worth $2,964,000 after purchasing an additional 1,237 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Sony Group by 12.8% during the first quarter. Cetera Investment Advisers now owns 6,265 shares of the company’s stock worth $643,000 after buying an additional 711 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Sony Group by 46.2% in the first quarter. Sequoia Financial Advisors LLC now owns 5,494 shares of the company’s stock valued at $564,000 after buying an additional 1,736 shares during the last quarter. 8.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SONY shares. Wolfe Research began coverage on shares of Sony Group in a research report on Tuesday, December 12th. They set an “outperform” rating on the stock. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Finally, Benchmark started coverage on Sony Group in a research report on Monday, October 16th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on Sony Group

Sony Group Price Performance

Sony Group stock opened at $96.38 on Friday. Sony Group Co. has a 1 year low of $79.62 and a 1 year high of $100.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.66. The firm has a 50 day moving average price of $94.16 and a 200 day moving average price of $88.43. The company has a market cap of $118.95 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 4.26 and a beta of 1.01.

Sony Group (NYSE:SONYGet Free Report) last announced its quarterly earnings results on Thursday, November 9th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.07). The company had revenue of $18.87 billion during the quarter, compared to analyst estimates of $19.93 billion. Sony Group had a net margin of 7.55% and a return on equity of 12.35%. Sell-side analysts predict that Sony Group Co. will post 5.26 earnings per share for the current year.

Sony Group Company Profile

(Free Report)

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.

Further Reading

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

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