Certior Financial Group LLC Makes New $306,000 Investment in Sony Group Co. (NYSE:SONY)

Certior Financial Group LLC bought a new position in Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,456 shares of the company's stock, valued at approximately $306,000.

Other hedge funds have also recently modified their holdings of the company. Primecap Management Co. CA raised its stake in Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after buying an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC increased its position in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after acquiring an additional 36,783,737 shares during the last quarter. Mondrian Investment Partners LTD lifted its holdings in Sony Group by 358.2% in the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after acquiring an additional 7,925,643 shares during the period. Envestnet Asset Management Inc. boosted its position in Sony Group by 401.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company's stock worth $151,119,000 after purchasing an additional 5,718,378 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Sony Group by 383.5% during the 4th quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company's stock valued at $125,477,000 after purchasing an additional 4,703,571 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Sony Group Price Performance

Shares of SONY traded up $0.03 during trading hours on Friday, reaching $22.95. 4,791,142 shares of the stock traded hands, compared to its average volume of 4,154,818. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.78. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a market cap of $138.81 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The company's 50-day moving average price is $23.94 and its two-hundred day moving average price is $21.10.

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