Schechter Investment Advisors LLC Raises Position in Sony Group Co. (NYSE:SONY)

Schechter Investment Advisors LLC increased its holdings in Sony Group Co. (NYSE:SONY) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,741 shares of the company’s stock after purchasing an additional 497 shares during the period. Schechter Investment Advisors LLC’s holdings in Sony Group were worth $828,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in Sony Group by 2,317.1% in the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock valued at $5,127,000 after buying an additional 51,903 shares during the period. XY Capital Ltd purchased a new stake in Sony Group in the third quarter valued at approximately $876,000. Anchor Investment Management LLC acquired a new position in Sony Group during the fourth quarter worth approximately $272,000. BKM Wealth Management LLC purchased a new position in Sony Group during the fourth quarter worth approximately $566,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Sony Group during the third quarter worth approximately $193,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Trading Down 0.2 %

NYSE:SONY opened at $86.54 on Thursday. The business’s 50-day moving average is $91.38 and its two-hundred day moving average is $88.90. The firm has a market capitalization of $106.81 billion, a PE ratio of 16.71 and a beta of 0.98. Sony Group Co. has a 12 month low of $79.62 and a 12 month high of $100.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54.

Sony Group (NYSE:SONY) last announced its earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.68 by $0.32. The business had revenue of $25.38 billion for the quarter, compared to the consensus estimate of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. Research analysts predict that Sony Group Co. will post 5.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on SONY. TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Oppenheimer restated an “outperform” rating and set a $108.00 price target on shares of Sony Group in a research note on Monday, February 26th. StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, Wolfe Research assumed coverage on shares of Sony Group in a research report on Tuesday, December 12th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Sony Group presently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

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.