Lathrop Investment Management Corp Sells 4,607 Shares of Sony Group Co. (NYSE:SONY)

Lathrop Investment Management Corp cut its holdings in shares of Sony Group Co. (NYSE:SONY) by 3.2% during the 4th quarter, Holdings Channel reports. The firm owned 137,456 shares of the company’s stock after selling 4,607 shares during the period. Sony Group makes up 2.7% of Lathrop Investment Management Corp’s holdings, making the stock its 18th largest holding. Lathrop Investment Management Corp’s holdings in Sony Group were worth $13,016,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Gallacher Capital Management LLC boosted its position in shares of Sony Group by 3.9% during the 3rd quarter. Gallacher Capital Management LLC now owns 3,215 shares of the company’s stock worth $265,000 after acquiring an additional 121 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in shares of Sony Group by 6.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,979 shares of the company’s stock worth $187,000 after acquiring an additional 127 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Sony Group by 4.1% during the 3rd quarter. Brighton Jones LLC now owns 3,308 shares of the company’s stock worth $273,000 after acquiring an additional 129 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Sony Group by 2.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 5,808 shares of the company’s stock worth $479,000 after acquiring an additional 132 shares in the last quarter. Finally, PDS Planning Inc boosted its position in shares of Sony Group by 2.3% during the 4th quarter. PDS Planning Inc now owns 6,231 shares of the company’s stock worth $590,000 after acquiring an additional 138 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Trading Down 0.1 %

Shares of NYSE:SONY traded down $0.11 during mid-day trading on Friday, reaching $82.33. 440,632 shares of the company’s stock were exchanged, compared to its average volume of 572,522. The firm has a market capitalization of $101.61 billion, a price-to-earnings ratio of 15.89 and a beta of 0.98. The business’s fifty day moving average price is $85.70 and its 200-day moving average price is $88.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. Sony Group Co. has a twelve month low of $79.62 and a twelve month high of $100.94.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. The company had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. On average, research analysts predict that Sony Group Co. will post 5.21 EPS for the current fiscal year.

Analyst Ratings Changes

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