Axxcess Wealth Management LLC Has $232,000 Position in Sony Group Co. (NYSE:SONY)

Axxcess Wealth Management LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 364.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,976 shares of the company’s stock after buying an additional 8,614 shares during the period. Axxcess Wealth Management LLC’s holdings in Sony Group were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Tocqueville Asset Management L.P. boosted its stake in Sony Group by 380.0% during the fourth quarter. Tocqueville Asset Management L.P. now owns 734,367 shares of the company’s stock worth $15,539,000 after buying an additional 581,382 shares in the last quarter. Signaturefd LLC boosted its stake in Sony Group by 424.3% during the fourth quarter. Signaturefd LLC now owns 143,924 shares of the company’s stock worth $3,045,000 after buying an additional 116,472 shares in the last quarter. Parallel Advisors LLC boosted its stake in Sony Group by 453.5% during the fourth quarter. Parallel Advisors LLC now owns 39,903 shares of the company’s stock worth $844,000 after buying an additional 32,694 shares in the last quarter. SouthState Corp boosted its stake in Sony Group by 385.8% during the fourth quarter. SouthState Corp now owns 694,261 shares of the company’s stock worth $14,691,000 after buying an additional 551,359 shares in the last quarter. Finally, Gallacher Capital Management LLC boosted its stake in Sony Group by 407.9% during the fourth quarter. Gallacher Capital Management LLC now owns 19,781 shares of the company’s stock worth $419,000 after buying an additional 15,886 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Up 1.5 %

Shares of NYSE:SONY opened at $25.25 on Friday. The company’s fifty day moving average is $23.08 and its 200-day moving average is $18.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.64. The company has a market capitalization of $152.72 billion, a PE ratio of 20.50, a P/E/G ratio of 9.95 and a beta of 0.91.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on SONY shares. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Oppenheimer restated an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average 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.