International Assets Investment Management LLC Takes $53,000 Position in Sony Group Co. (NYSE:SONY)

Posted by Defense World Staff on Jul 7th, 2023

International Assets Investment Management LLC acquired a new stake in shares of Sony Group Co. (NYSE:SONY – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 582 shares of the company’s stock, valued at approximately $53,000.

Other institutional investors have also recently bought and sold shares of the company. RFP Financial Group LLC acquired a new stake in Sony Group during the fourth quarter valued at $25,000. JFS Wealth Advisors LLC lifted its position in shares of Sony Group by 116.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 422 shares of the company’s stock worth $32,000 after buying an additional 227 shares during the last quarter. Okabena Investment Services Inc. bought a new position in shares of Sony Group in the fourth quarter worth about $29,000. Armstrong Advisory Group Inc. bought a new position in shares of Sony Group in the fourth quarter worth about $35,000. Finally, Resurgent Financial Advisors LLC bought a new position in Sony Group during the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Sony Group in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Sony Group Stock Down 1.0 %

NYSE:SONY opened at $90.49 on Friday. The stock’s fifty day moving average price is $94.73 and its two-hundred day moving average price is $89.22. Sony Group Co. has a 52-week low of $61.72 and a 52-week high of $100.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.46 and a current ratio of 0.62. The company has a market cap of $111.66 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 3.50 and a beta of 1.03.

Sony Group (NYSE:SONY – Free Report) last posted its quarterly earnings data on Friday, April 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.22. Sony Group had a return on equity of 13.43% and a net margin of 8.08%. The firm had revenue of $23.17 billion for the quarter, compared to the consensus estimate of $22.99 billion. On average, analysts anticipate that Sony Group Co. will post 5.53 EPS for the current year.

About Sony Group

(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.