SageView Advisory Group LLC Raises Position in Sony Group Co. (NYSE:SONY)

SageView Advisory Group LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 399.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,351 shares of the company's stock after acquiring an additional 31,472 shares during the period. SageView Advisory Group LLC's holdings in Sony Group were worth $833,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Silicon Valley Capital Partners lifted its position in Sony Group by 401.3% in 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 last quarter. General Partner Inc. raised its holdings in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after buying an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Sony Group during the 4th quarter valued at $26,000. Fairscale Capital LLC boosted its position in Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after buying an additional 992 shares during the period. Finally, Accent Capital Management LLC grew its holdings 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 acquiring an additional 1,104 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Stock Up 2.8 %

Sony Group stock traded up $0.66 on Friday, hitting $24.02. 4,549,476 shares of the stock traded hands, compared to its average volume of 4,155,448. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.78. The firm has a market cap of $145.23 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The business's fifty day simple moving average is $24.01 and its 200 day simple moving average is $21.42.

Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, sell-side analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating on the stock. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.00.

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.