Lathrop Investment Management Corp Decreases Position in Sony Group Co. (NYSE:SONY)

Lathrop Investment Management Corp decreased its stake in Sony Group Co. (NYSE:SONY) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 portfolio, making the stock its 18th biggest position. Lathrop Investment Management Corp’s holdings in Sony Group were worth $13,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of SONY. CVA Family Office LLC acquired a new position in shares of Sony Group in the fourth quarter worth about $27,000. Fortitude Family Office LLC acquired a new stake in Sony Group during the fourth quarter valued at approximately $31,000. Pinnacle Bancorp Inc. acquired a new stake in Sony Group during the fourth quarter valued at approximately $39,000. NBC Securities Inc. acquired a new stake in Sony Group during the third quarter valued at approximately $51,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in Sony Group during the third quarter valued at approximately $73,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

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

Sony Group Stock Performance

SONY stock traded down $0.11 on Friday, reaching $82.33. The company’s stock had a trading volume of 440,632 shares, compared to its average volume of 572,522. Sony Group Co. has a 52 week low of $79.62 and a 52 week high of $100.94. The company has a market capitalization of $101.61 billion, a P/E ratio of 15.89 and a beta of 0.98. The firm has a fifty day moving average of $85.70 and a two-hundred day moving average of $88.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, topping 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 business had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. As a group, analysts predict that Sony Group Co. will post 5.21 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.