Aveo Capital Partners LLC Has $340,000 Position in Sony Group Co. (NYSE:SONY)

Aveo Capital Partners LLC raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 400.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,065 shares of the company's stock after purchasing an additional 12,852 shares during the period. Aveo Capital Partners LLC's holdings in Sony Group were worth $340,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd increased its position in shares of Sony Group by 400.0% during the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after acquiring an additional 28,852 shares in the last quarter. Pictet North America Advisors SA increased its position in shares of Sony Group by 19.4% during the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company's stock worth $23,561,000 after acquiring an additional 39,688 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Sony Group by 311.3% during the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after acquiring an additional 119,362 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in shares of Sony Group by 430.0% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company's stock worth $854,000 after acquiring an additional 32,725 shares in the last quarter. Finally, One Wealth Advisors LLC increased its position in shares of Sony Group by 400.9% during the fourth quarter. One Wealth Advisors LLC now owns 34,475 shares of the company's stock worth $729,000 after acquiring an additional 27,593 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SONY. Oppenheimer lowered their price objective on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, StockNews.com downgraded shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $24.00.

Sony Group Stock Up 0.9 %

Sony Group stock traded up $0.22 during mid-day trading on Wednesday, reaching $24.74. The company's stock had a trading volume of 4,013,785 shares, compared to its average volume of 3,951,210. The company has a market capitalization of $149.59 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 9.75 and a beta of 0.96. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $24.88. The business's 50 day simple moving average is $21.58 and its 200 day simple moving average is $15.58. 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 - 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%. As a group, research analysts anticipate that Sony Group Co. will post 1.22 earnings per share for the current year.

About Sony Group

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.