IFP Advisors Inc Buys 5,964 Shares of Sony Group Co. (NYSE:SONY)

IFP Advisors Inc boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 1,823.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,291 shares of the company’s stock after purchasing an additional 5,964 shares during the period. IFP Advisors Inc’s holdings in Sony Group were worth $133,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Silicon Valley Capital Partners grew its holdings in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Sony Group during the 4th quarter worth about $26,000. General Partner Inc. raised its holdings in shares of Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after purchasing an additional 716 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC raised its stake in Sony Group by 400.0% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock valued at $32,000 after buying an additional 1,200 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Stock Performance

NYSE:SONY opened at $24.16 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $146.09 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. The firm has a 50-day moving average price of $22.26 and a two-hundred day moving average price of $17.09.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SONY. Oppenheimer restated an “outperform” rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. Finally, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Company 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.