Rise Advisors LLC Has $30,000 Stock Holdings in Sony Group Co. (NYSE:SONY)

Rise Advisors LLC raised its stake in Sony Group Co. (NYSE:SONY) by 259.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352 shares of the company’s stock after acquiring an additional 254 shares during the period. Rise Advisors LLC’s holdings in Sony Group were worth $30,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in Sony Group in the 4th quarter valued at $27,000. Fortitude Family Office LLC bought a new position in shares of Sony Group in the 4th quarter valued at $31,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Sony Group in the 4th quarter valued at $34,000. Pinnacle Bancorp Inc. bought a new position in shares of Sony Group in the 4th quarter valued at $39,000. Finally, JFS Wealth Advisors LLC increased its stake in shares of Sony Group by 24.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after purchasing an additional 108 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SONY shares. Oppenheimer reiterated an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a research note on Monday, February 26th. StockNews.com upgraded Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Stock Up 1.5 %

Shares of SONY opened at $80.84 on Friday. The company has a market capitalization of $99.77 billion, a PE ratio of 14.86 and a beta of 0.95. Sony Group Co. has a 12 month low of $75.11 and a 12 month high of $100.88. The stock’s 50-day moving average price is $82.24 and its two-hundred day moving average price is $88.04. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 0.27.

Sony Group (NYSE:SONY) last announced its earnings results on Tuesday, May 14th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. The firm had revenue of $23.45 billion for the quarter, compared to the consensus estimate of $18.97 billion. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. During the same period in the previous year, the business earned $0.78 EPS. On average, analysts anticipate that Sony Group Co. will post 5.6 EPS for the current year.

About Sony Group

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.