SageView Advisory Group LLC Purchases Shares of 9,569 Sony Group Co. (NYSE:SONY)

SageView Advisory Group LLC acquired a new stake in Sony Group Co. (NYSE:SONYFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,569 shares of the company’s stock, valued at approximately $932,000.

Other hedge funds have also recently made changes to their positions in the company. Commerce Bank lifted its holdings in shares of Sony Group by 29.0% in the fourth quarter. Commerce Bank now owns 3,737 shares of the company’s stock worth $354,000 after buying an additional 840 shares in the last quarter. US Bancorp DE lifted its stake in Sony Group by 75.3% in the 4th quarter. US Bancorp DE now owns 128,351 shares of the company’s stock worth $12,154,000 after purchasing an additional 55,129 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Sony Group by 36.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,516 shares of the company’s stock valued at $144,000 after purchasing an additional 408 shares during the last quarter. Journey Strategic Wealth LLC bought a new position in shares of Sony Group during the 4th quarter valued at about $372,000. Finally, Franklin Resources Inc. grew its position in shares of Sony Group by 21.2% during the fourth quarter. Franklin Resources Inc. now owns 55,895 shares of the company’s stock valued at $5,293,000 after purchasing an additional 9,780 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. StockNews.com upgraded Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Oppenheimer restated an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a research report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

View Our Latest Research Report on Sony Group

Sony Group Trading Down 0.6 %

SONY stock traded down $0.51 during midday trading on Friday, reaching $80.29. 740,132 shares of the company traded hands, compared to its average volume of 1,108,325. The firm has a market capitalization of $99.10 billion, a price-to-earnings ratio of 14.76 and a beta of 0.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.66. The business has a 50 day moving average of $83.50 and a 200-day moving average of $88.48. Sony Group Co. has a 52-week low of $75.11 and a 52-week high of $100.94.

Sony Group (NYSE:SONYGet Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. The company had revenue of $23.45 billion during the quarter, compared to the consensus estimate of $18.97 billion. During the same period last year, the company earned $0.78 earnings per share. As a group, sell-side analysts expect that Sony Group Co. will post 5.84 earnings per share for the current fiscal year.

Sony Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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