Henry James International Management Inc. Sells 534 Shares of Sony Group Co. (NYSE:SONY)

Henry James International Management Inc. lowered its position in Sony Group Co. (NYSE:SONY) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 99,227 shares of the company’s stock after selling 534 shares during the period. Sony Group makes up 3.5% of Henry James International Management Inc.’s holdings, making the stock its 6th biggest position. Henry James International Management Inc.’s holdings in Sony Group were worth $9,396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SONY. Fisher Asset Management LLC increased its position in Sony Group by 5.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,359,171 shares of the company’s stock worth $602,150,000 after buying an additional 342,025 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Sony Group by 39.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,067,247 shares of the company’s stock valued at $87,952,000 after purchasing an additional 299,300 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in Sony Group by 77.6% in the 4th quarter. Natixis Advisors L.P. now owns 315,680 shares of the company’s stock valued at $29,891,000 after purchasing an additional 137,963 shares in the last quarter. Alberta Investment Management Corp boosted its stake in shares of Sony Group by 30.0% during the 3rd quarter. Alberta Investment Management Corp now owns 260,000 shares of the company’s stock worth $21,427,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Rovida Advisors Inc. purchased a new stake in shares of Sony Group during the third quarter worth about $4,433,000. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SONY shares. Oppenheimer reissued an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Trading Up 0.5 %

Shares of SONY traded up $0.46 during mid-day trading on Friday, reaching $84.54. The company had a trading volume of 631,246 shares, compared to its average volume of 581,424. Sony Group Co. has a fifty-two week low of $79.62 and a fifty-two week high of $100.94. The firm has a fifty day simple moving average of $85.24 and a 200-day simple moving average of $88.84. The stock has a market cap of $104.34 billion, a price-to-earnings ratio of 16.32 and a beta of 0.95. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last issued its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. The firm had revenue of $25.38 billion for the quarter, compared to analysts’ expectations of $24.31 billion. On average, sell-side analysts anticipate that Sony Group Co. will post 5.22 EPS for the current fiscal year.

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.