Sage Rhino Capital LLC Purchases 19,904 Shares of Sony Group Co. (NYSE:SONY)

Sage Rhino Capital LLC raised its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 404.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,829 shares of the company's stock after purchasing an additional 19,904 shares during the quarter. Sage Rhino Capital LLC's holdings in Sony Group were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Y.D. More Investments Ltd grew its position in Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after acquiring an additional 28,852 shares during the period. Bfsg LLC bought a new stake in shares of Sony Group in the 4th quarter worth about $6,125,000. Fifth Third Bancorp grew its holdings in shares of Sony Group by 311.3% in the 4th 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 last quarter. Mitchell & Pahl Private Wealth LLC increased its position in shares of Sony Group by 430.0% during the 4th 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 in the last quarter. Finally, One Wealth Advisors LLC lifted its holdings in Sony Group by 400.9% during the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company's stock valued at $729,000 after purchasing an additional 27,593 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SONY. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Oppenheimer reissued an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sony Group presently has a consensus rating of "Buy" and an average target price of $28.00.

Sony Group Trading Down 1.8 %

Sony Group stock traded down $0.45 during trading hours on Monday, reaching $24.59. 2,577,841 shares of the company's stock traded hands, compared to its average volume of 3,895,880. The firm has a market capitalization of $148.71 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 9.95 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. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The firm's 50 day moving average is $22.20 and its 200-day moving average is $16.94.

Sony Group (NYSE:SONY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, analysts predict that Sony Group Co. will post 1.23 earnings per share for the current 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.