United Capital Financial Advisors LLC Acquires 48,822 Shares of Sony Group Co. (NYSE:SONY)

United Capital Financial Advisors LLC grew its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 410.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,724 shares of the company's stock after acquiring an additional 48,822 shares during the quarter. United Capital Financial Advisors LLC's holdings in Sony Group were worth $1,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SONY. Primecap Management Co. CA lifted its position in shares of Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after acquiring an additional 80,724,932 shares during the period. Fisher Asset Management LLC lifted its position in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after purchasing an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD grew its stake in Sony Group by 358.2% during the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock worth $223,039,000 after buying an additional 7,925,643 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Sony Group by 401.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company's stock valued at $151,119,000 after buying an additional 5,718,378 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Sony Group by 389.3% in the 4th quarter. Gabelli Funds LLC now owns 6,369,581 shares of the company's stock valued at $134,780,000 after buying an additional 5,067,835 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

Shares of NYSE SONY traded up $0.12 during midday trading on Thursday, reaching $25.01. The company's stock had a trading volume of 1,269,983 shares, compared to its average volume of 4,156,251. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock has a market capitalization of $151.25 billion, a P/E ratio of 20.29, a PEG ratio of 9.95 and a beta of 0.94. The firm has a 50 day moving average price of $24.12 and a 200-day moving average price of $21.57. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.78.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 14.10% and a net margin of 8.21%. As a group, equities analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. StockNews.com cut 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 set a "buy" rating for the company. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Finally, Oppenheimer reissued an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

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.