Steward Partners Investment Advisory LLC Raises Holdings in Sony Group Co. (NYSE:SONY)

Steward Partners Investment Advisory LLC boosted its position in Sony Group Co. (NYSE:SONY) by 393.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,992 shares of the company’s stock after acquiring an additional 11,955 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Sony Group were worth $317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Silicon Valley Capital Partners grew its stake in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after buying an additional 927 shares during the period. General Partner Inc. increased its position 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 worth $26,000 after purchasing an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Sony Group during the 4th quarter valued at about $26,000. Hilltop National Bank grew its position in shares of Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after buying an additional 1,174 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Sony Group by 400.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after purchasing an additional 1,204 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One analyst has 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.com, the company presently has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Price Performance

Shares of Sony Group stock opened at $23.40 on Friday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. The firm has a market cap of $141.50 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The firm’s 50-day simple moving average is $22.61 and its 200-day simple moving average is $17.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

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