Legacy Financial Advisors Inc. Acquires 38,293 Shares of Sony Group Co. (NYSE:SONY)

Legacy Financial Advisors Inc. increased its holdings in shares of Sony Group Co. (NYSE:SONY) by 622.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 44,449 shares of the company’s stock after purchasing an additional 38,293 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Sony Group were worth $941,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SONY. Silicon Valley Capital Partners grew 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 worth $25,000 after acquiring an additional 927 shares in the last quarter. General Partner Inc. grew its stake 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 worth $26,000 after acquiring an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group during the 4th quarter worth approximately $26,000. Fairscale Capital LLC grew its stake in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after acquiring an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC grew its stake in shares of Sony Group by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock worth $29,000 after acquiring an additional 1,104 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Sony Group Stock Performance

Sony Group stock opened at $23.00 on Thursday. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.78. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $23.91 and its two-hundred day moving average price is $20.84. The stock has a market cap of $139.10 billion, a PE ratio of 18.67, a P/E/G ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 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 firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. As a group, analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

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.