Sony Group Co. (NYSE:SONY) Holdings Decreased by Blue Barn Wealth LLC

Blue Barn Wealth LLC lowered its holdings in Sony Group Co. (NYSE:SONY) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,869 shares of the company’s stock after selling 298 shares during the period. Blue Barn Wealth LLC’s holdings in Sony Group were worth $366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SONY. CVA Family Office LLC acquired a new stake in shares of Sony Group during the 4th quarter valued at $27,000. Fortitude Family Office LLC acquired a new position in Sony Group in the fourth quarter worth about $31,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Sony Group in the 4th quarter valued at $39,000. NBC Securities Inc. acquired a new position in shares of Sony Group in the 3rd quarter worth approximately $51,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Sony Group in the third quarter valued at $73,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of SONY stock traded down $3.30 on Wednesday, reaching $78.35. The company’s stock had a trading volume of 1,713,517 shares, compared to its average volume of 772,344. The stock’s 50 day simple moving average is $85.14 and its 200-day simple moving average is $88.83. Sony Group Co. has a 12-month low of $77.66 and a 12-month high of $100.94. The company has a market capitalization of $96.70 billion, a P/E ratio of 15.20 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.32. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The company had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. As a group, equities analysts predict that Sony Group Co. will post 5.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SONY. Oppenheimer reaffirmed an “outperform” rating and set a $108.00 price target on shares of Sony Group in a research report on Monday, February 26th. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Macquarie downgraded Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.