May Hill Capital LLC Invests $396,000 in Sony Group Co. (NYSE:SONY)

May Hill Capital LLC purchased a new stake in Sony Group Co. (NYSE:SONY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 18,714 shares of the company's stock, valued at approximately $396,000.

A number of other large investors have also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners increased its stake 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 buying an additional 927 shares during the last quarter. General Partner Inc. grew its holdings in 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 during the period. Newbridge Financial Services Group Inc. acquired a new position in Sony Group during the fourth quarter worth approximately $26,000. Fairscale Capital LLC increased its holdings in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after acquiring an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC increased its holdings in shares of Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on SONY shares. Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating on the stock. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $28.00.

Remove Ads

Sony Group Trading Down 1.2 %

Shares of Sony Group stock traded down $0.30 on Wednesday, hitting $24.87. The stock had a trading volume of 4,671,576 shares, compared to its average volume of 4,023,921. The stock has a 50 day moving average of $23.84 and a 200 day moving average of $20.06. The firm has a market capitalization of $150.41 billion, a P/E ratio of 20.19, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78. 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 earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Sell-side analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal 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.