Valeo Financial Advisors LLC Purchases 23,287 Shares of Sony Group Co. (NYSE:SONY)

Valeo Financial Advisors LLC grew its position in Sony Group Co. (NYSE:SONY - Free Report) by 397.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,152 shares of the company's stock after purchasing an additional 23,287 shares during the quarter. Valeo Financial Advisors LLC's holdings in Sony Group were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cardinal Capital Management Inc. raised its stake in Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock valued at $33,986,000 after purchasing an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd purchased a new stake in Sony Group during the 3rd quarter valued at approximately $109,462,000. Fisher Asset Management LLC raised its position in shares of Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock valued at $834,013,000 after buying an additional 972,075 shares during the last quarter. Cambiar Investors LLC lifted its holdings in shares of Sony Group by 548.9% in the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company's stock worth $22,414,000 after buying an additional 896,013 shares in the last quarter. Finally, XY Capital Ltd boosted its position in shares of Sony Group by 1,850.5% during the fourth quarter. XY Capital Ltd now owns 920,534 shares of the company's stock worth $19,478,000 after acquiring an additional 873,339 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SONY. Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating on the stock. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Finally, Oppenheimer reissued an "outperform" rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Sony Group presently has an average rating of "Buy" and a consensus target price of $28.00.

Sony Group Price Performance

SONY stock traded up $0.21 during trading on Thursday, hitting $24.93. 2,809,277 shares of the company's stock traded hands, compared to its average volume of 3,916,699. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $24.95. The stock has a market capitalization of $150.74 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 9.90 and a beta of 0.96. The business has a fifty day simple moving average of $21.63 and a 200 day simple moving average of $15.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. As a group, research analysts expect that Sony Group Co. will post 1.22 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.