Strategic Global Advisors LLC Grows Position in Sony Group Co. (NYSE:SONY)

Strategic Global Advisors LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 89.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,001 shares of the company’s stock after acquiring an additional 18,861 shares during the period. Strategic Global Advisors LLC’s holdings in Sony Group were worth $846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Grassi Investment Management boosted its stake in shares of Sony Group by 302.0% during the fourth quarter. Grassi Investment Management now owns 20,000 shares of the company’s stock valued at $423,000 after purchasing an additional 15,025 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after buying an additional 1,204 shares during the period. Procyon Advisors LLC boosted its position in Sony Group by 411.0% during the 4th quarter. Procyon Advisors LLC now owns 37,734 shares of the company’s stock valued at $798,000 after acquiring an additional 30,350 shares in the last quarter. Boston Common Asset Management LLC increased its holdings in shares of Sony Group by 362.3% in the 4th quarter. Boston Common Asset Management LLC now owns 228,961 shares of the company’s stock valued at $4,845,000 after acquiring an additional 179,438 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of Sony Group by 345.6% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 2,901 shares of the company’s stock valued at $61,000 after acquiring an additional 2,250 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SONY shares. Oppenheimer restated an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Wolfe Research reissued a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. StockNews.com upgraded shares of Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group began coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $28.00.

Sony Group Trading Down 0.8%

Shares of NYSE:SONY opened at $24.67 on Friday. The business’s 50-day moving average is $24.32 and its 200 day moving average is $22.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a 1 year low of $15.67 and a 1 year high of $26.08. The firm has a market capitalization of $149.18 billion, a P/E ratio of 20.02, a P/E/G ratio of 9.95 and a beta of 0.97.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The business had revenue of $17.25 billion for the quarter, compared to analyst estimates of $2,995.71 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

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.