580 Shares in Sony Group Co. (NYSE:SONY) Purchased by Hobbs Group Advisors LLC

Hobbs Group Advisors LLC bought a new stake in Sony Group Co. (NYSE:SONY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 580 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Sony Group in the 2nd quarter valued at $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Sony Group in the first quarter valued at about $29,000. Rise Advisors LLC lifted its stake in shares of Sony Group by 259.2% in the first quarter. Rise Advisors LLC now owns 352 shares of the company’s stock worth $30,000 after buying an additional 254 shares in the last quarter. Pacific Capital Wealth Advisors Inc. acquired a new position in Sony Group during the fourth quarter worth about $34,000. Finally, JFS Wealth Advisors LLC grew its stake in Sony Group by 24.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after acquiring an additional 108 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Down 0.7 %

Shares of NYSE SONY traded down $0.66 during trading on Tuesday, hitting $90.79. 722,733 shares of the company were exchanged, compared to its average volume of 849,469. The company has a fifty day moving average price of $86.93 and a 200-day moving average price of $86.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. The firm has a market capitalization of $112.06 billion, a PE ratio of 16.70 and a beta of 0.94. Sony Group Co. has a 12-month low of $75.11 and a 12-month high of $100.88.

Sony Group’s stock is set to split on the morning of Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last announced its earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.11. The company had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. As a group, equities research analysts expect that Sony Group Co. will post 5.68 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $108.00.

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.