Avantax Advisory Services Inc. Purchases 70,781 Shares of Sony Group Co. (NYSE:SONY)

Avantax Advisory Services Inc. raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 521.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,352 shares of the company's stock after purchasing an additional 70,781 shares during the period. Avantax Advisory Services Inc.'s holdings in Sony Group were worth $1,785,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after purchasing an additional 36,783,737 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Sony Group in the fourth quarter valued at approximately $36,964,000. Cardinal Capital Management Inc. increased its position in shares of Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock worth $33,986,000 after acquiring an additional 1,287,259 shares in the last quarter. Cambiar Investors LLC increased its position in shares of Sony Group by 548.9% during the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company's stock worth $22,414,000 after acquiring an additional 896,013 shares in the last quarter. Finally, Pictet North America Advisors SA increased its position in shares of Sony Group by 333.4% during the fourth quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company's stock worth $22,375,000 after acquiring an additional 813,429 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

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Sony Group Stock Up 1.5 %

SONY traded up $0.36 during trading hours on Friday, hitting $25.25. 24,504,871 shares of the company's stock were exchanged, compared to its average volume of 4,772,833. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64. The stock's 50-day moving average is $22.98 and its two-hundred day moving average is $18.60. The stock has a market cap of $152.72 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 9.95 and a beta of 0.91. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY - Get Free Report) last announced 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 analysts' expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Sell-side analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SONY has been the subject of several research reports. Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. 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. Based on data from MarketBeat, Sony Group has an average rating of "Buy" and an average price target 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.