Sequoia Financial Advisors LLC Boosts Stake in Sony Group Co. (NYSE:SONY)

Sequoia Financial Advisors LLC lifted its position in Sony Group Co. (NYSE:SONY - Free Report) by 333.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,569 shares of the company's stock after buying an additional 64,267 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Sony Group were worth $1,768,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Silicon Valley Capital Partners grew its stake in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after purchasing an additional 927 shares in the last quarter. General Partner Inc. grew its stake in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after purchasing an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Sony Group during the 4th quarter worth $26,000. Fairscale Capital LLC grew its stake in Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares in the last quarter. Finally, Hilltop National Bank grew its stake in Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after purchasing an additional 1,174 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Stock Up 1.8 %

Shares of NYSE:SONY traded up $0.44 on Wednesday, hitting $24.96. 10,750,284 shares of the company's stock were exchanged, compared to its average volume of 3,763,955. The firm's 50-day moving average is $22.81 and its 200 day moving average is $18.51. The company has a market capitalization of $150.92 billion, a PE ratio of 20.26, a P/E/G ratio of 9.95 and a beta of 0.91. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

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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 the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sell-side analysts predict that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Ratings Changes

SONY has been the subject of several analyst reports. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating for the company. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price 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.