Seven Mile Advisory Makes New Investment in Sony Group Co. (NYSE:SONY)

Seven Mile Advisory acquired a new position in Sony Group Co. (NYSE:SONY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,746 shares of the company's stock, valued at approximately $227,000.

Other large investors have also recently made changes to their positions in the company. Fiduciary Trust Co lifted its position in shares of Sony Group by 13.4% in the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company's stock valued at $479,000 after acquiring an additional 585 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Sony Group by 23.2% during the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock valued at $352,000 after buying an additional 751 shares during the last quarter. FCA Corp TX lifted its holdings in shares of Sony Group by 22.5% in the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after buying an additional 900 shares in the last quarter. Silicon Valley Capital Partners boosted its position in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after acquiring an additional 927 shares during the last quarter. Finally, Fairscale Capital LLC grew its stake in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Down 5.3 %

Shares of NYSE:SONY traded down $1.24 during trading on Friday, hitting $22.15. The company had a trading volume of 3,752,996 shares, compared to its average volume of 4,030,902. The stock has a market cap of $133.93 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. 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 company has a fifty day simple moving average of $23.88 and a two-hundred day simple moving average of $20.08. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78.

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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, topping analysts' consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. As a group, equities analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on SONY. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group began coverage on Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating on the stock. Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $28.00.

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.