Sony Group Co. (NYSE:SONY) Shares Bought by Key Financial Inc

Key Financial Inc raised its position in Sony Group Co. (NYSE:SONY - Free Report) by 404.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,462 shares of the company's stock after buying an additional 19,609 shares during the period. Key Financial Inc's holdings in Sony Group were worth $518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners increased its stake in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after purchasing an additional 927 shares in the last quarter. General Partner Inc. increased its stake in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after purchasing an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group during the fourth quarter worth about $26,000. Hilltop National Bank increased its stake in shares of Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after purchasing an additional 1,174 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock worth $32,000 after purchasing an additional 1,204 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Price Performance

SONY traded down $0.12 on Friday, reaching $24.81. 5,048,137 shares of the company's stock were exchanged, compared to its average volume of 3,950,445. The stock has a market cap of $150.01 billion, a PE ratio of 20.13, a P/E/G ratio of 9.98 and a beta of 0.96. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.29. The stock's fifty day moving average price is $21.74 and its 200-day moving average price is $15.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY - Get Free Report) last posted its 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. The company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Sell-side analysts expect that Sony Group Co. will post 1.22 EPS for the current year.

Analysts Set New Price Targets

SONY has been the subject of a number of research reports. Oppenheimer reissued 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. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, StockNews.com lowered shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $28.00.

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.