Addison Advisors LLC Grows Stock Position in Sony Group Co. (NYSE:SONY)

Addison Advisors LLC raised its stake in shares of Sony Group Co. (NYSE:SONY) by 416.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 13,281 shares of the company’s stock after buying an additional 10,709 shares during the period. Addison Advisors LLC’s holdings in Sony Group were worth $281,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Silicon Valley Capital Partners raised its stake in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after buying an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group during the 4th quarter valued at about $26,000. General Partner Inc. grew its position in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of Sony Group by 106.2% during the 3rd 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 during the period. Finally, Paradigm Asset Management Co. LLC grew its position in shares of Sony Group by 400.0% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock valued at $32,000 after acquiring an additional 1,200 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 0.1 %

SONY stock opened at $24.82 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.29. The stock has a market cap of $150.07 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 9.95 and a beta of 0.96. The business’s 50-day moving average is $21.81 and its 200 day moving average is $16.19.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price 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.