Angeles Investment Advisors LLC Grows Stock Holdings in Sony Group Co. (NYSE:SONY)

Angeles Investment Advisors LLC raised its stake in Sony Group Co. (NYSE:SONY) by 23.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,686 shares of the company’s stock after buying an additional 1,454 shares during the period. Angeles Investment Advisors LLC’s holdings in Sony Group were worth $653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fisher Asset Management LLC raised its holdings 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 worth $602,106,000 after purchasing an additional 341,566 shares during the last quarter. Mondrian Investment Partners LTD increased its position in shares of Sony Group by 43.4% in the first quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock valued at $220,033,000 after buying an additional 774,502 shares in the last quarter. Harding Loevner LP raised its stake in shares of Sony Group by 2,206.6% during the 4th quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock worth $219,419,000 after buying an additional 2,181,169 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Sony Group by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock worth $138,635,000 after buying an additional 18,487 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Sony Group by 26.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock valued at $127,338,000 after acquiring an additional 277,537 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

Sony Group stock opened at $93.44 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. Sony Group Co. has a fifty-two week low of $75.11 and a fifty-two week high of $100.88. The stock has a fifty day moving average of $90.96 and a two-hundred day moving average of $86.38. The company has a market capitalization of $115.33 billion, a price-to-earnings ratio of 17.18 and a beta of 0.95.

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

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

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.