Sony Group Co. (NYSE:SONY) Shares Bought by Evergreen Capital Management LLC

Evergreen Capital Management LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 459.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 47,127 shares of the company's stock after purchasing an additional 38,707 shares during the period. Evergreen Capital Management LLC's holdings in Sony Group were worth $997,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Silicon Valley Capital Partners increased its position in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after acquiring an additional 927 shares during the period. General Partner Inc. increased its holdings in shares of 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 purchasing an additional 996 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group during the fourth quarter worth approximately $26,000. Fairscale Capital LLC lifted its holdings in shares of 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 purchasing an additional 992 shares during the period. Finally, Accent Capital Management LLC increased its stake in Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after buying an additional 1,104 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Sony Group Price Performance

Shares of SONY traded up $0.51 on Wednesday, reaching $24.84. The stock had a trading volume of 1,289,365 shares, compared to its average volume of 4,160,251. The firm has a 50-day moving average of $24.10 and a 200 day moving average of $21.54. The firm has a market capitalization of $150.22 billion, a PE ratio of 20.16, a PEG ratio of 9.95 and a beta of 0.94. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78. 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 earnings per share for the quarter, beating 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 business had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. Sell-side analysts expect that Sony Group Co. will post 1.23 EPS for the current 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.