Proficio Capital Partners LLC purchased a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,553 shares of the company's stock, valued at approximately $329,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Silicon Valley Capital Partners boosted its stake in Sony Group by 401.3% during the fourth 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 in the last quarter. General Partner Inc. lifted its holdings in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after acquiring an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group during the 4th quarter valued at about $26,000. Hilltop National Bank grew its stake in shares of Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Sony Group by 400.0% in the 4th 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 during the last quarter. 14.05% of the stock is currently owned by institutional investors.
Sony Group Stock Down 2.1 %
SONY traded down $0.54 on Friday, reaching $25.11. 5,571,122 shares of the company traded hands, compared to its average volume of 3,973,475. The company has a market cap of $151.83 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 9.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock's 50 day moving average price is $23.58 and its 200-day moving average price is $19.61. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.78.
Sony Group (NYSE:SONY - Get Free Report) last posted 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. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. On average, sell-side analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Oppenheimer restated an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. The Goldman Sachs Group initiated coverage on shares of Sony Group in a research report on Tuesday. They set a "buy" rating on the stock. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sony Group currently has an average rating of "Buy" and a consensus target price of $28.00.
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Sony Group Profile
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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.
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