Forum Financial Management LP Acquires 97,130 Shares of Sony Group Co. (NYSE:SONY)

Forum Financial Management LP grew its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 536.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,250 shares of the company's stock after purchasing an additional 97,130 shares during the quarter. Forum Financial Management LP's holdings in Sony Group were worth $2,439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SONY. M&T Bank Corp increased its position in Sony Group by 1.9% during the 3rd quarter. M&T Bank Corp now owns 80,858 shares of the company's stock valued at $7,808,000 after purchasing an additional 1,489 shares during the period. World Investment Advisors LLC bought a new position in Sony Group during the third quarter worth $2,073,000. Wilmington Savings Fund Society FSB acquired a new position in Sony Group in the third quarter valued at $287,000. Tidal Investments LLC acquired a new position in Sony Group in the third quarter valued at $244,000. Finally, Synovus Financial Corp grew its holdings in Sony Group by 2.4% during the 3rd quarter. Synovus Financial Corp now owns 50,514 shares of the company's stock worth $4,878,000 after acquiring an additional 1,177 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Down 1.2 %

Shares of NYSE SONY traded down $0.28 during mid-day trading on Monday, reaching $23.73. 3,403,198 shares of the company's stock traded hands, compared to its average volume of 4,164,770. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.78. The stock has a market cap of $143.51 billion, a P/E ratio of 19.26, a PEG ratio of 9.95 and a beta of 0.94. 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 business has a 50-day simple moving average of $24.08 and a 200 day simple moving average of $21.52.

Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 company had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. On average, analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SONY has been the topic of a number of recent analyst reports. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Oppenheimer reaffirmed 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. The Goldman Sachs Group started coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Two equities research 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 stock. According to MarketBeat.com, Sony Group currently has an average rating of "Moderate Buy" and an average price target of $28.00.

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.