Clarius Group LLC Decreases Stock Holdings in Sony Group Co. (NYSE:SONY)

Clarius Group LLC lowered its stake in shares of Sony Group Co. (NYSE:SONY) by 20.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,813 shares of the company’s stock after selling 1,741 shares during the quarter. Clarius Group LLC’s holdings in Sony Group were worth $658,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SONY. V Square Quantitative Management LLC acquired a new position in shares of Sony Group during the fourth quarter valued at about $785,000. Virtu Financial LLC acquired a new position in shares of Sony Group during the fourth quarter valued at about $361,000. Integrated Advisors Network LLC increased its holdings in shares of Sony Group by 6.1% during the fourth quarter. Integrated Advisors Network LLC now owns 3,394 shares of the company’s stock valued at $321,000 after acquiring an additional 194 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Sony Group by 5.7% in the 4th quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock worth $602,106,000 after buying an additional 341,566 shares during the period. Finally, SageView Advisory Group LLC acquired a new position in Sony Group in the 4th quarter worth approximately $932,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. TD Cowen cut their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday. Finally, StockNews.com upgraded shares of Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sony Group currently has a consensus rating of “Buy” and an average price target of $22.30.

Sony Group Price Performance

Shares of NYSE SONY opened at $18.98 on Friday. The stock has a market capitalization of $117.13 billion, a price-to-earnings ratio of 17.64 and a beta of 0.94. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $20.18. The firm’s 50 day simple moving average is $29.20 and its 200-day simple moving average is $21.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $19.32 billion for the quarter, compared to analysts’ expectations of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. Analysts expect that Sony Group Co. will post 0.61 EPS for the current 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 gaming consoles, packaged and game software, and peripheral devices.