Stratos Wealth Advisors LLC Invests $220,000 in Sony Group Co. (NYSE:SONY)

Stratos Wealth Advisors LLC acquired a new position in shares of Sony Group Co. (NYSE:SONY) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,277 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors have also modified their holdings of the company. American National Bank lifted its position in shares of Sony Group by 11.3% during the 2nd quarter. American National Bank now owns 1,172 shares of the company’s stock worth $100,000 after purchasing an additional 119 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Sony Group by 1.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock worth $735,000 after acquiring an additional 124 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in Sony Group by 20.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 749 shares of the company’s stock worth $64,000 after acquiring an additional 128 shares in the last quarter. Belpointe Asset Management LLC raised its stake in Sony Group by 1.4% during the 2nd quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock worth $787,000 after acquiring an additional 128 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in Sony Group by 1.7% in the second quarter. Dynamic Advisor Solutions LLC now owns 8,394 shares of the company’s stock valued at $713,000 after purchasing an additional 140 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Down 1.2 %

Shares of Sony Group stock opened at $17.89 on Wednesday. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $20.18. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The company’s 50-day simple moving average is $29.42 and its 200-day simple moving average is $21.30. The firm has a market cap of $22.08 billion, a price-to-earnings ratio of 3.29 and a beta of 0.94.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The business had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. As a group, equities research analysts anticipate that Sony Group Co. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

SONY has been the topic of a number of recent research reports. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, TD Cowen dropped their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.30.

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.