Sony Group Co. (NYSE:SONY) Shares Purchased by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. grew its stake in Sony Group Co. (NYSE:SONY - Free Report) by 622.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,449 shares of the company's stock after purchasing an additional 38,293 shares during the period. Legacy Financial Advisors Inc.'s holdings in Sony Group were worth $941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in Sony Group by 25.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 79,211 shares of the company's stock worth $7,649,000 after buying an additional 16,073 shares during the period. HighTower Advisors LLC increased its holdings in Sony Group by 34.0% in the 3rd quarter. HighTower Advisors LLC now owns 43,341 shares of the company's stock valued at $4,188,000 after purchasing an additional 10,994 shares during the last quarter. MML Investors Services LLC raised its position in Sony Group by 10.9% in the third quarter. MML Investors Services LLC now owns 63,102 shares of the company's stock valued at $6,094,000 after purchasing an additional 6,191 shares during the period. Continuum Advisory LLC lifted its stake in Sony Group by 418.0% during the third quarter. Continuum Advisory LLC now owns 4,802 shares of the company's stock worth $464,000 after purchasing an additional 3,875 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of Sony Group by 1.9% during the third quarter. M&T Bank Corp now owns 80,858 shares of the company's stock worth $7,808,000 after buying an additional 1,489 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Stock Up 0.8 %

Sony Group stock traded up $0.19 during midday trading on Tuesday, reaching $23.63. The company's stock had a trading volume of 1,303,457 shares, compared to its average volume of 4,146,313. The company has a market cap of $142.91 billion, a P/E ratio of 19.18, a P/E/G ratio of 9.95 and a beta of 0.94. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $23.95 and a 200-day simple moving average of $21.36. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.78.

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, topping 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 firm had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. On average, research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SONY has been the subject of a number of research analyst reports. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Finally, Oppenheimer restated an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Sony Group presently has a consensus rating of "Moderate Buy" and a consensus price target 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.