Proficio Capital Partners LLC Makes New Investment in Sony Group Co. (NYSE:SONY)

Proficio Capital Partners LLC acquired a new position in shares of Sony Group Co. (NYSE:SONY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,553 shares of the company’s stock, valued at approximately $329,000.

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

Sony Group Price Performance

Sony Group stock opened at $25.24 on Wednesday. The company has a market capitalization of $152.64 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. 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 Co. has a 1 year low of $15.02 and a 1 year high of $25.64. The company’s 50 day simple moving average is $23.28 and its 200-day simple moving average is $19.26.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The business 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, equities research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on SONY shares. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer reissued an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group initiated coverage on shares of Sony Group in a research report on Tuesday. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $28.00.

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.