Savant Capital LLC Buys Shares of 14,358 Sony Group Co. (NYSE:SONY)

Savant Capital LLC bought a new stake in shares of Sony Group Co. (NYSE:SONY) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,358 shares of the company’s stock, valued at approximately $304,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its position in shares of Sony Group by 6.6% during the 3rd quarter. Creative Planning now owns 303,295 shares of the company’s stock worth $29,289,000 after buying an additional 18,659 shares in the last quarter. Stratos Wealth Advisors LLC bought a new stake in shares of Sony Group during the 3rd quarter worth about $220,000. Blue Trust Inc. raised its position in shares of Sony Group by 64.4% during the 3rd quarter. Blue Trust Inc. now owns 5,662 shares of the company’s stock worth $547,000 after buying an additional 2,217 shares in the last quarter. Raymond James & Associates raised its position in shares of Sony Group by 4.1% during the 3rd quarter. Raymond James & Associates now owns 286,528 shares of the company’s stock worth $27,670,000 after buying an additional 11,268 shares in the last quarter. Finally, Barden Capital Management Inc. raised its position in shares of Sony Group by 11.0% during the 3rd quarter. Barden Capital Management Inc. now owns 16,924 shares of the company’s stock worth $1,634,000 after buying an additional 1,672 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Up 4.2 %

NYSE SONY opened at $24.16 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company’s 50 day simple moving average is $21.52 and its 200 day simple moving average is $15.43. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $24.25. The company has a market capitalization of $146.08 billion, a P/E ratio of 19.77, a PEG ratio of 11.46 and a beta of 0.96.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.55% and a return on equity of 14.27%. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Equities research analysts expect that Sony Group Co. will post 1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on SONY. Oppenheimer dropped their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $24.00.

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.