Secured Retirement Advisors LLC Invests $1.34 Million in Sony Group Co. (NYSE:SONY)

Secured Retirement Advisors LLC purchased a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,330 shares of the company's stock, valued at approximately $1,340,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Planning raised its holdings in shares of Sony Group by 6.6% in the third quarter. Creative Planning now owns 303,295 shares of the company's stock valued at $29,289,000 after purchasing an additional 18,659 shares during the last quarter. Stonegate Investment Group LLC purchased a new stake in Sony Group in the 3rd quarter valued at about $251,000. Stratos Wealth Advisors LLC bought a new position in shares of Sony Group during the 3rd quarter worth approximately $220,000. Blue Trust Inc. boosted its stake in shares of Sony Group by 64.4% in the 3rd quarter. Blue Trust Inc. now owns 5,662 shares of the company's stock worth $547,000 after buying an additional 2,217 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Sony Group by 4.1% in the third quarter. Raymond James & Associates now owns 286,528 shares of the company's stock valued at $27,670,000 after acquiring an additional 11,268 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sony Group Stock Performance

NYSE:SONY traded up $0.22 on Wednesday, reaching $24.74. 4,014,314 shares of the company's stock were exchanged, compared to its average volume of 3,951,227. The stock has a fifty day simple moving average of $21.63 and a 200-day simple moving average of $15.64. The firm has a market cap of $149.59 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 9.75 and a beta of 0.96. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $24.88. 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 (NYSE:SONY - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion during 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%. As a group, sell-side analysts predict that Sony Group Co. will post 1.22 earnings per share for the current year.

Sony Group Profile

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.