Cetera Investment Advisers Buys 183,270 Shares of Sony Group Co. (NYSE:SONY)

Cetera Investment Advisers lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 409.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,069 shares of the company’s stock after buying an additional 183,270 shares during the period. Cetera Investment Advisers’ holdings in Sony Group were worth $4,826,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. FCA Corp TX lifted its position in shares of Sony Group by 22.5% during the 4th quarter. FCA Corp TX now owns 4,900 shares of the company’s stock valued at $104,000 after buying an additional 900 shares in the last quarter. Silicon Valley Capital Partners boosted its holdings in shares of Sony Group by 401.3% in the 4th 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. Capital Analysts LLC boosted its holdings in shares of Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock worth $25,000 after purchasing an additional 936 shares during the period. Fairscale Capital LLC boosted its holdings in Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after acquiring an additional 992 shares during the period. Finally, Accent Capital Management LLC boosted its holdings in Sony Group by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after acquiring an additional 1,104 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Up 1.3%

NYSE:SONY opened at $24.85 on Thursday. The firm has a market cap of $150.28 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. The stock has a fifty day moving average price of $24.24 and a 200 day moving average price of $22.25. Sony Group Co. has a 12-month low of $15.67 and a 12-month high of $26.08. 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 (NYSE:SONY) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Sell-side analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on SONY. Wolfe Research reiterated a “peer perform” rating on shares of Sony Group in a report on Monday, April 7th. Oppenheimer reaffirmed 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. The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating on the stock. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, StockNews.com upgraded Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sony Group currently has a consensus rating of “Buy” and an average price target 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.