Blue Square Asset Management LLC Has $2.41 Million Holdings in Sony Group Co. (NYSE:SONY)

Blue Square Asset Management LLC lifted its stake in shares of Sony Group Co. (NYSE:SONY) by 44.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,410 shares of the company’s stock after buying an additional 8,686 shares during the period. Sony Group comprises approximately 1.4% of Blue Square Asset Management LLC’s investment portfolio, making the stock its 24th biggest position. Blue Square Asset Management LLC’s holdings in Sony Group were worth $2,413,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Fisher Asset Management LLC boosted its position in Sony Group by 5.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock valued at $602,106,000 after acquiring an additional 341,566 shares during the last quarter. Mondrian Investment Partners LTD raised its holdings in shares of Sony Group by 43.4% during the first quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock valued at $220,033,000 after purchasing an additional 774,502 shares during the period. Harding Loevner LP raised its holdings in shares of Sony Group by 2,206.6% during the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock valued at $219,419,000 after purchasing an additional 2,181,169 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Sony Group by 1.2% during the first quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock valued at $138,635,000 after purchasing an additional 18,487 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Sony Group by 26.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock valued at $127,338,000 after purchasing an additional 277,537 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of NYSE SONY opened at $92.98 on Wednesday. Sony Group Co. has a fifty-two week low of $75.11 and a fifty-two week high of $100.88. 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’s 50-day simple moving average is $90.51 and its 200 day simple moving average is $86.21. The stock has a market cap of $114.76 billion, a price-to-earnings ratio of 17.09 and a beta of 0.94.

Shares of Sony Group are going to split before the market opens on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly created shares will be payable to shareholders after the market closes on Monday, September 30th.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The company had revenue of $19.32 billion during the quarter, compared to the consensus estimate of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. As a group, research analysts anticipate that Sony Group Co. will post 5.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Company 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.