Nicolet Advisory Services LLC Buys 17,532 Shares of Sony Group Co. (NYSE:SONY)

Nicolet Advisory Services LLC boosted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 400.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,915 shares of the company's stock after purchasing an additional 17,532 shares during the period. Nicolet Advisory Services LLC's holdings in Sony Group were worth $446,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Martin Investment Management LLC grew its holdings in shares of Sony Group by 399.9% in the fourth quarter. Martin Investment Management LLC now owns 1,071,625 shares of the company's stock worth $22,676,000 after purchasing an additional 857,266 shares during the last quarter. OneAscent Financial Services LLC grew its holdings in Sony Group by 429.0% in the 4th quarter. OneAscent Financial Services LLC now owns 11,384 shares of the company's stock worth $241,000 after acquiring an additional 9,232 shares during the last quarter. Huntington National Bank increased its position in shares of Sony Group by 634.3% in the fourth quarter. Huntington National Bank now owns 7,402 shares of the company's stock valued at $157,000 after acquiring an additional 6,394 shares during the period. Columbia Asset Management raised its stake in shares of Sony Group by 400.6% during the fourth quarter. Columbia Asset Management now owns 106,498 shares of the company's stock valued at $2,253,000 after acquiring an additional 85,223 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Sony Group during the fourth quarter worth about $2,117,000. 14.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SONY has been the subject of a number of recent analyst reports. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a report on Monday. Oppenheimer reiterated an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. 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. 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 investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sony Group has an average rating of "Moderate Buy" and an average price target of $28.00.

Sony Group Stock Up 7.9 %

Shares of Sony Group stock traded up $1.68 during trading on Wednesday, hitting $23.00. The company's stock had a trading volume of 7,752,606 shares, compared to its average volume of 4,116,584. Sony Group Co. has a 52 week low of $15.02 and a 52 week 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. The company has a fifty day simple moving average of $23.91 and a two-hundred day simple moving average of $20.84. The company has a market capitalization of $139.10 billion, a PE ratio of 18.67, a P/E/G ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY - Get Free Report) last released 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 net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Equities research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

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.