Mather Group LLC. Buys New Stake in Sony Group Co. (NYSE:SONY)

Mather Group LLC. bought a new stake in Sony Group Co. (NYSE:SONY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,053 shares of the company’s stock, valued at approximately $100,000.

Several other large investors have also recently bought and sold shares of SONY. CVA Family Office LLC purchased a new position in Sony Group in the fourth quarter valued at $27,000. Fortitude Family Office LLC purchased a new position in shares of Sony Group during the fourth quarter worth about $31,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Sony Group during the fourth quarter worth about $34,000. Pinnacle Bancorp Inc. purchased a new position in shares of Sony Group during the fourth quarter worth about $39,000. Finally, JFS Wealth Advisors LLC grew its holdings in shares of Sony Group by 24.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Sony Group presently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Price Performance

Shares of SONY opened at $80.51 on Friday. Sony Group Co. has a fifty-two week low of $75.11 and a fifty-two week high of $100.88. The company has a market capitalization of $99.37 billion, a price-to-earnings ratio of 14.80 and a beta of 0.95. The firm has a 50-day simple moving average of $82.17 and a 200-day simple moving average of $87.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.66.

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