Sage Mountain Advisors LLC Acquires New Position in Sony Group Co. (NYSE:SONY)

Sage Mountain Advisors LLC acquired a new stake in Sony Group Co. (NYSE:SONY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,416 shares of the company’s stock, valued at approximately $229,000.

A number of other institutional investors have also recently made changes to their positions in SONY. Exchange Traded Concepts LLC acquired a new position in shares of Sony Group in the third quarter valued at approximately $405,000. Richelieu Gestion SA grew its holdings in shares of Sony Group by 22.5% in the third quarter. Richelieu Gestion SA now owns 3,725 shares of the company’s stock valued at $307,000 after purchasing an additional 683 shares in the last quarter. Caprock Group LLC grew its holdings in shares of Sony Group by 2.6% in the third quarter. Caprock Group LLC now owns 18,720 shares of the company’s stock valued at $1,543,000 after purchasing an additional 480 shares in the last quarter. SOL Capital Management CO grew its holdings in shares of Sony Group by 1.4% in the third quarter. SOL Capital Management CO now owns 16,255 shares of the company’s stock valued at $1,340,000 after purchasing an additional 220 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in Sony Group by 5.6% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 4,878 shares of the company’s stock worth $402,000 after acquiring an additional 257 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

SONY has been the topic of a number of analyst reports. Oppenheimer restated an “outperform” rating and issued a $108.00 price objective on shares of Sony Group in a report on Monday, February 26th. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sony Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Price Performance

Shares of SONY opened at $81.10 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. Sony Group Co. has a 1-year low of $79.62 and a 1-year high of $100.94. The stock has a market cap of $100.10 billion, a PE ratio of 15.75 and a beta of 0.98. The firm has a fifty day moving average price of $86.48 and a 200 day moving average price of $88.96.

Sony Group (NYSE:SONY) last posted its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.32. The business had revenue of $25.38 billion during the quarter, compared to the consensus estimate of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. As a group, sell-side analysts anticipate that Sony Group Co. will post 5.21 EPS for the current year.

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.