12,325 Shares in Sony Group Co. (NYSE:SONY) Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. bought a new position in Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,325 shares of the company's stock, valued at approximately $261,000.

A number of other hedge funds also recently bought and sold shares of the company. M&T Bank Corp boosted its holdings in Sony Group by 1.9% in the third quarter. M&T Bank Corp now owns 80,858 shares of the company's stock valued at $7,808,000 after acquiring an additional 1,489 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Sony Group during the 3rd quarter valued at approximately $2,073,000. Wilmington Savings Fund Society FSB bought a new stake in Sony Group in the third quarter worth about $287,000. Tidal Investments LLC bought a new position in shares of Sony Group during the third quarter valued at approximately $244,000. Finally, Synovus Financial Corp lifted its stake in shares of Sony Group by 2.4% during the 3rd quarter. Synovus Financial Corp now owns 50,514 shares of the company's stock worth $4,878,000 after acquiring an additional 1,177 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Group Stock Up 2.8 %

SONY stock traded up $0.66 during trading on Friday, hitting $24.02. 4,549,476 shares of the company's stock traded hands, compared to its average volume of 4,163,112. The firm has a market capitalization of $145.23 billion, a P/E ratio of 19.49, a PEG ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.78. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $24.05 and a two-hundred day simple moving average of $21.46.

Sony Group (NYSE:SONY - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $24.32 billion. Sell-side analysts anticipate that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

SONY has been the subject of several research 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. StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Finally, The Goldman Sachs Group started coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.