Callan Capital LLC Increases Position in Sony Group Co. (NYSE:SONY)

Callan Capital LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 441.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 48,169 shares of the company’s stock after acquiring an additional 39,272 shares during the period. Callan Capital LLC’s holdings in Sony Group were worth $1,019,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates grew its position in Sony Group by 4.1% in the 3rd quarter. Raymond James & Associates now owns 286,528 shares of the company’s stock worth $27,670,000 after purchasing an additional 11,268 shares during the period. International Assets Investment Management LLC bought a new position in Sony Group in the 3rd quarter worth about $1,418,000. Mediolanum International Funds Ltd bought a new position in shares of Sony Group during the third quarter valued at approximately $109,462,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Sony Group by 68.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,214 shares of the company’s stock valued at $1,855,000 after purchasing an additional 7,781 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its position in Sony Group by 348.5% during the third quarter. Diversify Advisory Services LLC now owns 19,214 shares of the company’s stock valued at $1,855,000 after acquiring an additional 14,930 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SONY has been the subject of a number of research analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $28.00.

Sony Group Trading Down 0.5 %

NYSE SONY opened at $24.81 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.29. The stock has a market capitalization of $150.01 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. The firm has a 50 day moving average of $21.74 and a two-hundred day moving average of $15.86.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS 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 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 1.23 EPS for the current fiscal 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.