Kovitz Investment Group Partners LLC Buys 46,999 Shares of Sony Group Co. (NYSE:SONY)

Kovitz Investment Group Partners LLC increased its stake in Sony Group Co. (NYSE:SONY) by 333.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,076 shares of the company’s stock after buying an additional 46,999 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Sony Group were worth $1,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Silicon Valley Capital Partners increased its position in 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 purchasing an additional 927 shares during the period. General Partner Inc. increased its holdings in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after buying an additional 996 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Sony Group in the fourth quarter worth approximately $26,000. Fairscale Capital LLC raised its stake in Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after buying an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC lifted its holdings in Sony Group by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock worth $29,000 after buying an additional 1,104 shares during the period. Institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on SONY. Wolfe Research reissued a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. The Goldman Sachs Group initiated coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a “buy” rating for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Sony Group Stock Up 1.9 %

SONY stock opened at $25.75 on Wednesday. The firm has a 50 day moving average of $24.18 and a 200 day moving average of $21.76. The stock has a market capitalization of $155.73 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $26.40.

Sony Group (NYSE:SONY) last released 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. The company 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%. Sell-side analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

About Sony Group

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.