Stratos Wealth Partners LTD. Has $345,000 Stock Position in Sony Group Co. (NYSE:SONY)

Stratos Wealth Partners LTD. boosted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 397.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,301 shares of the company's stock after acquiring an additional 13,025 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Sony Group were worth $345,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SONY. Pictet North America Advisors SA increased its position in Sony Group by 19.4% in the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company's stock worth $23,561,000 after purchasing an additional 39,688 shares during the period. Fifth Third Bancorp increased its position in Sony Group by 311.3% in the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after purchasing an additional 119,362 shares during the period. Mitchell & Pahl Private Wealth LLC increased its position in Sony Group by 430.0% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company's stock worth $854,000 after purchasing an additional 32,725 shares during the period. One Wealth Advisors LLC boosted its holdings in Sony Group by 400.9% during the fourth quarter. One Wealth Advisors LLC now owns 34,475 shares of the company's stock worth $729,000 after buying an additional 27,593 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Sony Group by 39.2% during the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company's stock worth $9,993,000 after buying an additional 29,165 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on SONY. Oppenheimer reduced their target price on Sony Group from $108.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $24.00.

Sony Group Stock Up 4.2 %

Shares of NYSE:SONY traded up $0.97 during trading on Friday, hitting $24.16. 5,032,566 shares of the company's stock traded hands, compared to its average volume of 3,630,980. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $24.25. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a market cap of $146.08 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96. The company has a 50-day moving average price of $21.46 and a 200-day moving average price of $15.28.

Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings data 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 14.27% and a net margin of 8.55%. The business had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. As a group, research analysts forecast that Sony Group Co. will post 1.21 EPS for the current fiscal year.

Sony Group Company 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.