Boston Financial Mangement LLC Has $281,000 Position in Sony Group Co. (NYSE:SONY)

Boston Financial Mangement LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY) by 402.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,260 shares of the company’s stock after acquiring an additional 10,620 shares during the period. Boston Financial Mangement LLC’s holdings in Sony Group were worth $281,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Hardy Reed LLC grew its holdings in Sony Group by 400.0% during the 4th quarter. Hardy Reed LLC now owns 18,215 shares of the company’s stock worth $385,000 after acquiring an additional 14,572 shares during the period. Handelsbanken Fonder AB grew its holdings in Sony Group by 315.5% during the 4th quarter. Handelsbanken Fonder AB now owns 620,000 shares of the company’s stock worth $13,119,000 after acquiring an additional 470,800 shares during the period. Wealth Alliance grew its holdings in Sony Group by 417.9% during the 4th quarter. Wealth Alliance now owns 64,076 shares of the company’s stock worth $1,356,000 after acquiring an additional 51,703 shares during the period. Sunpointe LLC bought a new position in shares of Sony Group during the 4th quarter worth about $201,000. Finally, Ieq Capital LLC boosted its position in shares of Sony Group by 411.6% during the 4th quarter. Ieq Capital LLC now owns 32,837 shares of the company’s stock worth $695,000 after purchasing an additional 26,419 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Price Performance

Shares of NYSE SONY opened at $24.93 on Friday. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $24.95. The stock has a market cap of $150.74 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 9.90 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm’s 50-day simple moving average is $21.68 and its 200 day simple moving average is $15.71.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. As a group, research analysts anticipate that Sony Group Co. will post 1.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

SONY has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer reissued an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday. Finally, StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $28.00.

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.