Advisory Services Network LLC Invests $231,000 in Sony Group Co. (NYSE:SONY)

Advisory Services Network LLC bought a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 10,914 shares of the company's stock, valued at approximately $231,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Nixon Capital LLC grew its holdings in shares of Sony Group by 422.5% during the fourth quarter. Nixon Capital LLC now owns 1,082,650 shares of the company's stock worth $22,649,000 after buying an additional 875,425 shares in the last quarter. Renaissance Group LLC grew its stake in shares of Sony Group by 456.3% during the 4th quarter. Renaissance Group LLC now owns 335,646 shares of the company's stock worth $7,102,000 after acquiring an additional 275,306 shares in the last quarter. FIL Ltd bought a new stake in shares of Sony Group in the fourth quarter worth $99,000. Canopy Partners LLC boosted its holdings in Sony Group by 403.5% during the fourth quarter. Canopy Partners LLC now owns 11,405 shares of the company's stock worth $241,000 after purchasing an additional 9,140 shares during the last quarter. Finally, Rathbones Group PLC grew its position in Sony Group by 378.1% in the fourth quarter. Rathbones Group PLC now owns 171,752 shares of the company's stock valued at $3,634,000 after purchasing an additional 135,828 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

SONY has been the topic of several analyst reports. Oppenheimer reissued an "outperform" rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating on the stock. Finally, Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Sony Group Stock Performance

NYSE SONY traded up $0.57 during trading on Wednesday, reaching $24.90. 2,534,116 shares of the company's stock were exchanged, compared to its average volume of 4,165,633. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.78. The stock has a market capitalization of $150.61 billion, a P/E ratio of 20.17, a PEG ratio of 9.95 and a beta of 0.94. The business has a 50 day moving average price of $24.10 and a 200-day moving average price of $21.54. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 return on equity of 14.10% and a net margin of 8.21%. Sell-side analysts forecast 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.