Seeds Investor LLC Buys 13,079 Shares of Sony Group Co. (NYSE:SONY)

Seeds Investor LLC increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 495.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,718 shares of the company's stock after acquiring an additional 13,079 shares during the period. Seeds Investor LLC's holdings in Sony Group were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Coldstream Capital Management Inc. lifted its holdings in Sony Group by 23.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock worth $352,000 after buying an additional 751 shares during the period. M&T Bank Corp lifted its stake in shares of Sony Group by 1.9% in the third quarter. M&T Bank Corp now owns 80,858 shares of the company's stock worth $7,808,000 after acquiring an additional 1,489 shares during the period. World Investment Advisors LLC bought a new stake in Sony Group in the third quarter valued at approximately $2,073,000. Wilmington Savings Fund Society FSB acquired a new stake in Sony Group during the 3rd quarter valued at approximately $287,000. Finally, Tidal Investments LLC bought a new position in Sony Group during the 3rd quarter worth approximately $244,000. Institutional investors and hedge funds own 14.05% of the company's stock.

Wall Street Analyst Weigh In

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

Sony Group Stock Up 2.8 %

Shares of NYSE SONY traded up $0.66 during trading 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 12 month low of $15.02 and a 12 month high of $25.78. The company has a market capitalization of $145.23 billion, a PE ratio of 19.49, a PEG ratio of 9.95 and a beta of 0.94. The firm has a fifty day moving average of $24.05 and a two-hundred day moving average of $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.

Sony Group (NYSE:SONY - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for 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, equities research analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal 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.