Kestra Advisory Services LLC Sells 3,233 Shares of Sony Group Co. (NYSE:SONY)

Posted by on Apr 19th, 2023

Kestra Advisory Services LLC decreased its holdings in shares of Sony Group Co. (NYSE:SONY – Get Rating) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,832 shares of the company’s stock after selling 3,233 shares during the quarter. Kestra Advisory Services LLC’s holdings in Sony Group were worth $3,344,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Naviter Wealth LLC boosted its stake in Sony Group by 8.9% during the 4th quarter. Naviter Wealth LLC now owns 13,474 shares of the company’s stock valued at $1,203,000 after purchasing an additional 1,103 shares during the period. Balentine LLC bought a new stake in Sony Group during the 4th quarter valued at approximately $243,000. Wilkinson Global Asset Management LLC bought a new stake in Sony Group during the 4th quarter valued at approximately $211,000. Seed Wealth Management Inc. bought a new stake in Sony Group during the 4th quarter valued at approximately $359,000. Finally, New York State Common Retirement Fund boosted its stake in Sony Group by 9.0% during the 4th quarter. New York State Common Retirement Fund now owns 129,803 shares of the company’s stock valued at $9,901,000 after purchasing an additional 10,715 shares during the period. Institutional investors own 7.74% of the company’s stock.

Sony Group Trading Up 0.2 %

Shares of SONY opened at $91.31 on Wednesday. Sony Group Co. has a 1 year low of $61.72 and a 1 year high of $95.70. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $87.35 and a 200-day simple moving average of $81.43. The stock has a market cap of $112.67 billion, a PE ratio of 16.51, a PEG ratio of 2.56 and a beta of 1.07.

Sony Group (NYSE:SONY – Get Rating) last issued its earnings results on Thursday, February 2nd. The company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.47. Sony Group had a return on equity of 12.77% and a net margin of 8.43%. The business had revenue of $24.20 billion during the quarter, compared to analysts’ expectations of $25.02 billion. On average, sell-side analysts predict that Sony Group Co. will post 5.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on SONY shares. StockNews.com started coverage on Sony Group in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Cowen raised their price objective on Sony Group from $102.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Sony Group presently has a consensus rating of “Hold” and an average target price of $115.00.

Sony Group Company 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.

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

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