Flagship Harbor Advisors LLC decreased its stake in shares of Sony Group Co. (NYSE:SONY – Get Rating) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,041 shares of the company’s stock after selling 121 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Sony Group were worth $638,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverwater Partners LLC raised its holdings in shares of Sony Group by 12.5% in the 1st quarter. Riverwater Partners LLC now owns 7,390 shares of the company’s stock valued at $670,000 after purchasing an additional 823 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Sony Group by 33.0% in the 1st quarter. Private Trust Co. NA now owns 572 shares of the company’s stock valued at $52,000 after purchasing an additional 142 shares in the last quarter. Franklin Street Advisors Inc. NC raised its holdings in shares of Sony Group by 12.5% in the 1st quarter. Franklin Street Advisors Inc. NC now owns 3,612 shares of the company’s stock valued at $327,000 after purchasing an additional 401 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Sony Group by 17.1% in the 1st quarter. UMB Bank n.a. now owns 2,945 shares of the company’s stock valued at $267,000 after purchasing an additional 429 shares in the last quarter. Finally, RMR Wealth Builders bought a new stake in shares of Sony Group in the 1st quarter valued at about $228,000. Institutional investors own 7.90% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on shares of Sony Group in a report on Thursday, May 18th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $110.00.
Sony Group Trading Down 0.9 %
Sony Group (NYSE:SONY – Get Rating) last posted its quarterly earnings data on Friday, April 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.56 by $0.22. The firm had revenue of $23.17 billion during the quarter, compared to analyst estimates of $22.99 billion. Sony Group had a net margin of 8.08% and a return on equity of 13.43%. As a group, sell-side analysts forecast that Sony Group Co. will post 5.65 EPS for the current fiscal year.
Sony Group Profile
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 and portable game consoles, packaged software, and peripheral devices.
Read More
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