Brown Advisory Inc. lifted its holdings in Sony Group Co. (NYSE:SONY – Free Report) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,467 shares of the company’s stock after purchasing an additional 189 shares during the quarter. Brown Advisory Inc.’s holdings in Sony Group were worth $858,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in SONY. Cetera Advisor Networks LLC boosted its position in shares of Sony Group by 31.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 4,306 shares of the company’s stock worth $442,000 after purchasing an additional 1,039 shares in the last quarter. BlackRock Inc. boosted its position in shares of Sony Group by 0.8% in the 1st quarter. BlackRock Inc. now owns 1,510,796 shares of the company’s stock worth $155,174,000 after purchasing an additional 11,272 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of Sony Group by 4.5% in 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 in the last quarter. Cetera Investment Advisers boosted its position in shares of Sony Group by 12.8% in the 1st quarter. Cetera Investment Advisers now owns 6,265 shares of the company’s stock worth $643,000 after purchasing an additional 711 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Sony Group by 46.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,494 shares of the company’s stock worth $564,000 after purchasing an additional 1,736 shares in the last quarter. Institutional investors and hedge funds own 7.90% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on SONY shares. The Goldman Sachs Group upgraded Sony Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 12th. StockNews.com started coverage on Sony Group in a research note on Thursday, May 18th. They issued a “hold” rating for the company.
Sony Group Stock Performance
Shares of SONY stock opened at $83.52 on Wednesday. The firm has a market capitalization of $103.06 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 3.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.65 and a quick ratio of 0.47. The business has a fifty day moving average of $92.57 and a 200 day moving average of $91.09. Sony Group Co. has a 1 year low of $61.72 and a 1 year high of $100.94.
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 gaming consoles, packaged and game software, and peripheral devices.
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