First Foundation Advisors Buys 11,151 Shares of Sony Group Co. (NYSE:SONY)

First Foundation Advisors boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 382.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,065 shares of the company's stock after purchasing an additional 11,151 shares during the period. First Foundation Advisors' holdings in Sony Group were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. MML Investors Services LLC grew its position in Sony Group by 10.9% during the 3rd quarter. MML Investors Services LLC now owns 63,102 shares of the company's stock worth $6,094,000 after purchasing an additional 6,191 shares during the period. Coldstream Capital Management Inc. increased its stake in Sony Group by 23.2% during 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 last quarter. TD Private Client Wealth LLC increased its holdings in Sony Group by 15.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 11,238 shares of the company's stock valued at $1,085,000 after purchasing an additional 1,495 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of Sony Group during the third quarter worth about $220,000. Finally, M&T Bank Corp grew its stake in Sony Group by 1.9% during the 3rd quarter. M&T Bank Corp now owns 80,858 shares of the company's stock worth $7,808,000 after purchasing an additional 1,489 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Price Performance

Shares of SONY traded up $0.82 on Thursday, hitting $24.18. The company's stock had a trading volume of 2,750,312 shares, compared to its average volume of 4,143,716. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a 50 day moving average price of $23.98 and a 200 day moving average price of $21.39. The company has a market capitalization of $146.20 billion, a PE ratio of 19.61, a PEG ratio of 9.95 and a beta of 0.94.

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

Analyst Upgrades and Downgrades

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