Atlas Capital Advisors Inc. Boosts Stock Holdings in Sony Group Co. (NYSE:SONY)

Atlas Capital Advisors Inc. increased its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,110 shares of the company's stock after buying an additional 12,888 shares during the period. Atlas Capital Advisors Inc.'s holdings in Sony Group were worth $341,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its stake in shares of Sony Group by 23.2% in the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock worth $352,000 after acquiring an additional 751 shares during the period. FCA Corp TX boosted its stake in shares of Sony Group by 22.5% in the 4th quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after purchasing an additional 900 shares during the last quarter. Silicon Valley Capital Partners increased its position in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after buying an additional 927 shares during the period. Fairscale Capital LLC raised its stake in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after buying an additional 992 shares during the last quarter. Finally, General Partner Inc. lifted its holdings in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after buying an additional 996 shares during the period. 14.05% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research report on Monday. Oppenheimer restated an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. Finally, Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.00.

Sony Group Stock Performance

NYSE:SONY traded down $0.30 during trading hours on Thursday, reaching $22.67. The stock had a trading volume of 3,768,952 shares, compared to its average volume of 4,116,369. The stock has a market cap of $137.08 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The stock has a 50 day simple moving average of $23.91 and a 200 day simple moving average of $20.84. 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 12-month low of $15.02 and a 12-month high of $25.78.

Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. On average, research analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

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.