Sony Group Co. (NYSE:SONY) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC grew its position in Sony Group Co. (NYSE:SONY) by 299.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,566 shares of the company’s stock after acquiring an additional 18,410 shares during the period. Private Advisor Group LLC’s holdings in Sony Group were worth $520,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SONY. Cardinal Capital Management Inc. raised its position in shares of Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after acquiring an additional 1,287,259 shares during the period. Fisher Asset Management LLC raised its position in shares of Sony Group by 12.7% in the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after acquiring an additional 972,075 shares during the period. Cambiar Investors LLC raised its position in shares of Sony Group by 548.9% in the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock worth $22,414,000 after acquiring an additional 896,013 shares during the period. XY Capital Ltd raised its position in shares of Sony Group by 1,850.5% in the fourth quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock worth $19,478,000 after acquiring an additional 873,339 shares during the period. Finally, Pictet North America Advisors SA raised its position in shares of Sony Group by 333.4% in the fourth quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock worth $22,375,000 after acquiring an additional 813,429 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SONY shares. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Oppenheimer restated an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sony Group presently has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Down 1.8 %

SONY opened at $24.59 on Tuesday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $22.20 and a 200 day moving average price of $16.94. The company has a market cap of $148.71 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 9.95 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 for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $24.32 billion. Sell-side analysts expect that Sony Group Co. will post 1.23 earnings per share 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.