GAMMA Investing LLC Has $538,000 Holdings in Sony Group Co. (NYSE:SONY)

GAMMA Investing LLC lifted its position in shares of Sony Group Co. (NYSE:SONY) by 25.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,571 shares of the company’s stock after buying an additional 1,121 shares during the quarter. GAMMA Investing LLC’s holdings in Sony Group were worth $538,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SONY. Prudential PLC bought a new position in Sony Group during the fourth quarter worth $526,000. Ethic Inc. boosted its stake in Sony Group by 18.0% during the fourth quarter. Ethic Inc. now owns 119,939 shares of the company’s stock worth $11,357,000 after acquiring an additional 18,334 shares in the last quarter. Barometer Capital Management Inc. bought a new position in Sony Group during the fourth quarter worth $123,000. Pin Oak Investment Advisors Inc. boosted its stake in Sony Group by 67.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 624 shares of the company’s stock worth $59,000 after acquiring an additional 252 shares in the last quarter. Finally, Barden Capital Management Inc. boosted its stake in Sony Group by 14.5% during the fourth quarter. Barden Capital Management Inc. now owns 17,301 shares of the company’s stock worth $1,638,000 after acquiring an additional 2,187 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Down 0.5 %

Sony Group stock opened at $95.14 on Wednesday. Sony Group Co. has a 1-year low of $75.11 and a 1-year high of $100.88. The firm has a market capitalization of $117.42 billion, a price-to-earnings ratio of 17.49 and a beta of 0.94. The firm’s fifty day moving average price is $27.54 and its two-hundred day moving average price is $20.66. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The company had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. On average, equities research analysts predict that Sony Group Co. will post 4.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SONY has been the topic of a number of recent research reports. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.60.

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.