Everpar Advisors LLC acquired a new position in Sony Group Co. (NYSE:SONY – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,574 shares of the company’s stock, valued at approximately $907,000.
Several other large investors also recently bought and sold shares of the company. CVA Family Office LLC purchased a new position in shares of Sony Group in the fourth quarter worth about $27,000. Fortitude Family Office LLC acquired a new stake in Sony Group during the fourth quarter worth about $31,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Sony Group during the fourth quarter worth about $34,000. Pinnacle Bancorp Inc. acquired a new stake in Sony Group during the fourth quarter worth about $39,000. Finally, NBC Securities Inc. acquired a new stake in Sony Group during the third quarter worth about $51,000. 14.05% of the stock is currently owned by hedge funds and other institutional investors.
Sony Group Stock Down 4.0 %
Shares of NYSE SONY traded down $3.29 during midday trading on Wednesday, hitting $78.36. The company’s stock had a trading volume of 1,715,170 shares, compared to its average volume of 772,353. The business’s fifty day simple moving average is $85.14 and its two-hundred day simple moving average is $88.83. 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 Co. has a 1 year low of $77.66 and a 1 year high of $100.94. The firm has a market capitalization of $96.71 billion, a price-to-earnings ratio of 15.20 and a beta of 0.95.
Sony Group (NYSE:SONY – Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.68 by $0.32. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The business had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. On average, equities analysts predict that Sony Group Co. will post 5.22 EPS for the current year.
Analyst Ratings Changes
Several research firms recently issued reports on SONY. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Oppenheimer reiterated an “outperform” rating and set a $108.00 price target on shares of Sony Group in a research report on Monday, February 26th. Finally, Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company 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.