Sagespring Wealth Partners LLC Invests $470,000 in Sony Group Co. (NYSE:SONY)

Sagespring Wealth Partners LLC purchased a new stake in shares of Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 22,204 shares of the company's stock, valued at approximately $470,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Silicon Valley Capital Partners lifted its position 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 purchasing an additional 927 shares during the period. General Partner Inc. increased its stake in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after buying an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Sony Group during the 4th quarter valued at approximately $26,000. Fairscale Capital LLC lifted its holdings in Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC boosted its stake in Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after purchasing an additional 1,104 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

SONY has been the topic of several research analyst reports. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating for the company. The Goldman Sachs Group began coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Oppenheimer reissued an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sony Group presently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Sony Group Stock Up 2.8 %

NYSE SONY traded up $0.66 on Friday, hitting $24.02. The stock had a trading volume of 4,549,476 shares, compared to its average volume of 4,163,112. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.78. The business's fifty day moving average price is $24.05 and its 200 day moving average price is $21.46. 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 has a market cap of $145.23 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Equities research analysts anticipate 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.