Oppenheimer & Co. Inc. Acquires 1,534 Shares of Sony Group Co. (NYSE:SONY)

Oppenheimer & Co. Inc. boosted its holdings in Sony Group Co. (NYSE:SONY) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,592 shares of the company’s stock after buying an additional 1,534 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Sony Group were worth $3,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SONY. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Sony Group in the 2nd quarter worth $26,000. Sunbelt Securities Inc. purchased a new stake in Sony Group during the first quarter valued at $29,000. Rise Advisors LLC lifted its holdings in Sony Group by 259.2% in the first quarter. Rise Advisors LLC now owns 352 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares during the period. Ridgewood Investments LLC purchased a new position in Sony Group in the second quarter worth about $41,000. Finally, Family Firm Inc. bought a new stake in shares of Sony Group during the 2nd quarter valued at about $44,000. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note 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, Sony Group has an average rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Trading Down 0.2 %

NYSE:SONY opened at $93.44 on Friday. The firm has a market capitalization of $115.33 billion, a price-to-earnings ratio of 17.18 and a beta of 0.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47. The business has a fifty day moving average price of $90.96 and a 200-day moving average price of $86.37. Sony Group Co. has a one year low of $75.11 and a one year high of $100.88.

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 minted shares will be payable to shareholders after the market closes on Monday, September 30th.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.11 by $0.11. The firm had revenue of $19.32 billion for 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%. Sell-side analysts forecast that Sony Group Co. will post 5.63 EPS for the current year.

About Sony Group

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.