HBK Sorce Advisory LLC Has $568,000 Position in Sony Group Co. (NYSE:SONY)

HBK Sorce Advisory LLC boosted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 374.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,828 shares of the company's stock after acquiring an additional 21,176 shares during the quarter. HBK Sorce Advisory LLC's holdings in Sony Group were worth $568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Trust Co increased its stake in Sony Group by 13.4% in the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company's stock worth $479,000 after purchasing an additional 585 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Sony Group by 14.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company's stock valued at $447,000 after acquiring an additional 599 shares in the last quarter. West Family Investments Inc. grew its stake in Sony Group by 13.0% during the 3rd quarter. West Family Investments Inc. now owns 5,422 shares of the company's stock valued at $524,000 after acquiring an additional 623 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock valued at $134,000 after acquiring an additional 716 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in Sony Group by 23.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock valued at $352,000 after acquiring an additional 751 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

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Sony Group Stock Up 1.8 %

Shares of NYSE SONY traded up $0.44 during trading hours on Wednesday, hitting $24.96. The stock had a trading volume of 10,792,161 shares, compared to its average volume of 4,399,098. The company has a market capitalization of $150.92 billion, a P/E ratio of 20.26, a P/E/G ratio of 9.95 and a beta of 0.91. The firm's 50-day moving average price is $22.81 and its two-hundred day moving average price is $18.51. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.64. 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 the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Analysts anticipate that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SONY shares. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating on the stock. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "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.