Raelipskie Partnership Buys 46,512 Shares of Sony Group Co. (NYSE:SONY)

Raelipskie Partnership grew its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,140 shares of the company's stock after buying an additional 46,512 shares during the quarter. Raelipskie Partnership's holdings in Sony Group were worth $1,230,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Americana Partners LLC raised its position in Sony Group by 399.0% during the fourth quarter. Americana Partners LLC now owns 26,772 shares of the company's stock valued at $566,000 after purchasing an additional 21,407 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Sony Group during the 4th quarter valued at about $55,000. JFS Wealth Advisors LLC raised its holdings in shares of Sony Group by 400.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 2,720 shares of the company's stock valued at $58,000 after buying an additional 2,176 shares in the last quarter. Opes Wealth Management LLC lifted its position in Sony Group by 400.0% in the 4th quarter. Opes Wealth Management LLC now owns 23,460 shares of the company's stock worth $496,000 after buying an additional 18,768 shares during the last quarter. Finally, Secured Retirement Advisors LLC purchased a new stake in Sony Group in the fourth quarter worth approximately $1,340,000. 14.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SONY shares. 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. StockNews.com lowered shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, Oppenheimer decreased their price objective on Sony Group from $108.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $24.00.

Sony Group Trading Up 0.9 %

Shares of NYSE SONY traded up $0.22 during mid-day trading on Wednesday, hitting $24.74. The stock had a trading volume of 3,107,435 shares, compared to its average volume of 3,920,016. The firm has a market cap of $149.59 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 9.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The business has a 50 day moving average price of $21.58 and a two-hundred day moving average price of $15.58. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $24.88.

Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, equities analysts anticipate that Sony Group Co. will post 1.22 EPS for the current fiscal 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.