Proficio Capital Partners LLC Makes New Investment in Sony Group Co. (NYSE:SONY)

Proficio Capital Partners LLC acquired a new position in shares of Sony Group Co. (NYSE:SONY) in the 4th quarter, HoldingsChannel reports. The fund acquired 15,553 shares of the company’s stock, valued at approximately $329,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SONY. Silicon Valley Capital Partners increased its stake in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Sony Group during the 4th quarter worth approximately $26,000. General Partner Inc. lifted its stake in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after buying an additional 996 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after acquiring an additional 716 shares during the period. Finally, Paradigm Asset Management Co. LLC grew its position in shares of Sony Group by 400.0% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock worth $32,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

SONY has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of Sony Group in a research report on Tuesday. They issued a “buy” rating for the company. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Sony Group currently has a consensus rating of “Buy” and a consensus price target of $28.00.

Sony Group Price Performance

Shares of NYSE SONY opened at $25.24 on Wednesday. The firm has a market capitalization of $152.64 billion, a P/E ratio of 20.49, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a one year low of $15.02 and a one year high of $25.64. The company’s fifty day moving average is $23.28 and its two-hundred day moving average is $19.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Sony Group 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.