First Horizon Advisors Inc. Raises Stake in Sony Group Co. (NYSE:SONY)

First Horizon Advisors Inc. lifted its position in shares of Sony Group Co. (NYSE:SONY) by 397.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,016 shares of the company’s stock after buying an additional 18,387 shares during the quarter. First Horizon Advisors Inc.’s holdings in Sony Group were worth $487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Silicon Valley Capital Partners grew its holdings in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the period. General Partner Inc. grew its holdings in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Sony Group in the fourth quarter valued at approximately $26,000. Hilltop National Bank grew its holdings in Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after purchasing an additional 1,204 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Trading Up 0.1 %

NYSE SONY opened at $24.82 on Tuesday. The company’s fifty day simple moving average is $21.81 and its 200-day simple moving average is $16.19. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.29. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market cap of $150.07 billion, a P/E ratio of 20.14, a PEG ratio of 9.95 and a beta of 0.96.

Sony Group (NYSE:SONY) last posted its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping 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 business had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Equities research analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

SONY has been the subject of a number of recent analyst reports. Oppenheimer restated an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sony Group has a consensus rating of “Buy” and an average price target of $28.00.

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.