Capital Investment Advisory Services LLC Makes New $234,000 Investment in Sony Group Co. (NYSE:SONY)

Capital Investment Advisory Services LLC bought a new position in Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,476 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also bought and sold shares of SONY. Envestnet Asset Management Inc. boosted its position in Sony Group by 39.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,067,247 shares of the company’s stock worth $87,952,000 after purchasing an additional 299,300 shares during the last quarter. Alberta Investment Management Corp lifted its position 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 valued at $21,427,000 after buying an additional 60,000 shares in the last quarter. Rovida Advisors Inc. purchased a new position in shares of Sony Group during the 3rd quarter valued at about $4,433,000. SG Americas Securities LLC lifted its position in shares of Sony Group by 2,317.1% during the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock valued at $5,127,000 after buying an additional 51,903 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in shares of Sony Group during the 3rd quarter valued at about $3,494,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Macquarie cut 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, Oppenheimer reissued an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a report on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Stock Performance

NYSE:SONY opened at $82.71 on Thursday. 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 Co. has a 1 year low of $79.62 and a 1 year high of $100.94. The stock’s 50 day simple moving average is $86.02 and its two-hundred day simple moving average is $88.91. The company has a market cap of $102.08 billion, a price-to-earnings ratio of 15.97 and a beta of 0.98.

Sony Group (NYSE:SONY) last released 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 for the quarter, compared to the consensus estimate of $24.31 billion. As a group, equities analysts anticipate that Sony Group Co. will post 5.21 earnings per share 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.