Marks Group Wealth Management Inc Grows Position in Sony Group Co. (NYSE:SONY)

Marks Group Wealth Management Inc grew its stake in shares of Sony Group Co. (NYSE:SONY) by 73.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,868 shares of the company’s stock after buying an additional 7,973 shares during the period. Marks Group Wealth Management Inc’s holdings in Sony Group were worth $1,787,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Gallacher Capital Management LLC boosted its holdings in Sony Group by 3.9% in the third quarter. Gallacher Capital Management LLC now owns 3,215 shares of the company’s stock valued at $265,000 after acquiring an additional 121 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in shares of Sony Group by 6.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 1,979 shares of the company’s stock worth $187,000 after acquiring an additional 127 shares in the last quarter. Brighton Jones LLC raised its stake in Sony Group by 4.1% during the third quarter. Brighton Jones LLC now owns 3,308 shares of the company’s stock valued at $273,000 after buying an additional 129 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Sony Group by 2.3% during the third quarter. Valeo Financial Advisors LLC now owns 5,808 shares of the company’s stock valued at $479,000 after buying an additional 132 shares in the last quarter. Finally, PDS Planning Inc raised its position in shares of Sony Group by 2.3% during the 4th quarter. PDS Planning Inc now owns 6,231 shares of the company’s stock worth $590,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

SONY has been the subject of a number of recent analyst reports. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Oppenheimer reaffirmed an “outperform” rating and set a $108.00 price target on shares of Sony Group in a research note on Monday, February 26th. Finally, StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.00.

Sony Group Price Performance

Shares of NYSE:SONY traded up $0.17 during trading on Tuesday, hitting $81.73. 510,518 shares of the company were exchanged, compared to its average volume of 775,881. The company has a market capitalization of $100.87 billion, a P/E ratio of 15.75 and a beta of 0.98. Sony Group Co. has a 1-year low of $79.62 and a 1-year high of $100.94. The business’s 50 day moving average is $86.48 and its 200-day moving average is $88.96. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. The firm had revenue of $25.38 billion during the quarter, compared to the consensus estimate of $24.31 billion. Equities analysts forecast that Sony Group Co. will post 5.21 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.