Sony Group Co. (NYSE:SONY) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY) by 333.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,569 shares of the company’s stock after purchasing an additional 64,267 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sony Group were worth $1,768,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Silicon Valley Capital Partners lifted 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 worth $25,000 after purchasing an additional 927 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group in the fourth quarter valued at approximately $26,000. Fairscale Capital LLC boosted its holdings in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after acquiring an additional 992 shares in the last quarter. General Partner Inc. boosted its holdings in shares of 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 acquiring an additional 996 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after acquiring an additional 716 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on SONY. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price objective (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 “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $28.00.

Sony Group Trading Up 3.0 %

Shares of NYSE:SONY opened at $24.11 on Friday. The stock has a market capitalization of $145.78 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64. 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 company has a 50 day moving average price of $22.67 and a 200 day moving average price of $18.02.

Sony Group (NYSE:SONY) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, research analysts anticipate that Sony Group Co. will post 1.23 EPS for the current fiscal 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.