Pictet North America Advisors SA Buys 813,429 Shares of Sony Group Co. (NYSE:SONY)

Pictet North America Advisors SA boosted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 333.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,057,404 shares of the company's stock after purchasing an additional 813,429 shares during the quarter. Sony Group comprises 2.1% of Pictet North America Advisors SA's investment portfolio, making the stock its 10th largest holding. Pictet North America Advisors SA's holdings in Sony Group were worth $22,375,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Creative Planning grew its position in Sony Group by 6.6% in the 3rd quarter. Creative Planning now owns 303,295 shares of the company's stock valued at $29,289,000 after buying an additional 18,659 shares during the last quarter. Naviter Wealth LLC lifted its stake in shares of Sony Group by 6.7% in the 3rd quarter. Naviter Wealth LLC now owns 31,130 shares of the company's stock worth $3,006,000 after acquiring an additional 1,951 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Sony Group by 8.9% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,611 shares of the company's stock valued at $735,000 after acquiring an additional 619 shares in the last quarter. Ellsworth Advisors LLC increased its stake in shares of Sony Group by 6.8% during the third quarter. Ellsworth Advisors LLC now owns 17,769 shares of the company's stock worth $1,716,000 after acquiring an additional 1,135 shares during the period. Finally, Stonegate Investment Group LLC purchased a new position in Sony Group during the third quarter worth about $251,000. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Price Performance

Shares of SONY stock traded up $0.36 during midday trading on Tuesday, reaching $24.50. 7,069,426 shares of the company traded hands, compared to its average volume of 3,949,100. The firm's 50 day simple moving average is $21.58 and its two-hundred day simple moving average is $15.58. The firm has a market cap of $148.14 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96. 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 Co. has a 1-year low of $15.02 and a 1-year high of $24.88.

Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm 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 14.27% and a net margin of 8.55%. On average, equities research analysts expect that Sony Group Co. will post 1.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on SONY. Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. StockNews.com lowered Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Finally, Oppenheimer reduced their target price on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $24.00.

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.