<div id="readability-page-1"><p>&amp;Partners purchased a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,000 shares of the company's stock, valued at approximately $765,000.</p><ul><li>GameStop Stock Downtrend Is Intact: The End Game Draws Near</li></ul><p>Other large investors also recently added to or reduced their stakes in the company. Scharf Investments LLC raised its position in shares of Sony Group by 9.3% in the second quarter. Scharf Investments LLC now owns 20,029 shares of the company's stock valued at $1,701,000 after purchasing an additional 1,706 shares during the period. American National Bank grew its stake in Sony Group by 11.3% in the 2nd quarter. American National Bank now owns 1,172 shares of the company's stock valued at $100,000 after buying an additional 119 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in Sony Group during the 2nd quarter valued at $49,000. First Horizon Advisors Inc. lifted its position in shares of Sony Group by 5.1% during the second quarter. First Horizon Advisors Inc. now owns 4,030 shares of the company's stock worth $342,000 after acquiring an additional 194 shares in the last quarter. Finally, BTC Capital Management Inc. boosted its holdings in shares of Sony Group by 3.4% in the second quarter. BTC Capital Management Inc. now owns 13,755 shares of the company's stock worth $1,168,000 after acquiring an additional 452 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>Separately, StockNews.com lowered Sony Group from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Wednesday. 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 MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $108.00.</p><br/><ul><li>Video Game Stocks: How to Invest in Gaming</li></ul><p><b>Read Our Latest Report on Sony Group</b></p><h2>Sony Group Price Performance</h2><p>NYSE SONY traded up $0.93 on Friday, hitting $92.22. The stock had a trading volume of 102,675 shares, compared to its average volume of 843,511. The firm has a 50-day moving average of $87.37 and a 200-day moving average of $86.13. The company has a market capitalization of $113.82 billion, a price-to-earnings ratio of 16.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. Sony Group Co. has a 52-week low of $75.11 and a 52-week high of $100.88. </p><ul><li>The Holidays May Help Sony Make Up For Lost Time </li></ul><p>Sony Group's stock is set to split on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, September 30th.</p><p>Sony Group (NYSE:SONY - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.11 by $0.11. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. The business had revenue of $19.32 billion during the quarter, compared to analysts' expectations of $17.42 billion. Equities analysts expect that Sony Group Co. will post 5.68 EPS for the current year. </p><h2>Sony Group Company Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Sony Group</li><li>What is a SEC Filing?</li><li>Lumen: Among Top Performers Last Month, Still Has Warning Signs</li><li>What is Short Interest? How to Use It</li><li>Baidu's Strong Quarter Proves a Smart Pick for Michael Burry</li><li>Best Aerospace Stocks Investing </li><li>Intuit Beats Q4 Earnings: AI, Dividends, and a Growth Strategy</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNPTlk?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNPTlk"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ AI Caught “Red-Handed” Attempting Insider Trade <span><span>(From Altimetry)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05MjMx?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05MjMx"/></p><h2>Should you invest $1,000 in Sony Group right now?</h2><p>Before you consider Sony Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sony Group wasn't on the list.</p><p>While Sony Group currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

SONY

<p>&Partners purchased a new position of 9,000 shares in Sony Group Co. during the second quarter, valued at approximately $497,000. Other investors such as Scharf Investments LLC and American National Bank also increased their stakes in Sony. Current ratings for Sony's stock include two holds and three buys, with an average target price indicating a "Moderate Buy" stance. Sony's stock experienced fluctuations with a recent trading volume of 102,675 shares. The company has a market cap of $84.82 billion and will undergo a 5-for-1 stock split on September 30.</p>

- Institutional investors like &Partners and Scharf Investments LLC increased their positions in Sony Group Co. during the second quarter, with significant share purchases. American National Bank and other investors also adjusted their stakes in the company, reflecting ongoing interest in Sony's stock.
- StockNews.com downgraded Sony Group from "buy" to "hold," while analysts maintain a mixed outlook with two hold ratings and three buy ratings. The stock currently holds an average rating of "Moderate Buy" with a target price of $108.00.
- Sony Group's stock performance saw fluctuations, trading at $92.22 on Friday with upcoming plans for a stock split on September 30th. The company recently exceeded earnings expectations, reporting $1.22 EPS for the quarter, showcasing positive financial results.

&Partners Takes Position in Sony Group Co. (NYSE:SONY)