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

Schechter Investment Advisors LLC raised its position in shares of Sony Group Co. (NYSE:SONY) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,741 shares of the company’s stock after purchasing an additional 497 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Sony Group were worth $828,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SONY. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Sony Group by 7.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 18,565 shares of the company’s stock valued at $1,758,000 after acquiring an additional 1,236 shares during the last quarter. CVA Family Office LLC acquired a new position in Sony Group during the fourth quarter valued at $27,000. Raymond James & Associates boosted its holdings in Sony Group by 3.4% in the fourth quarter. Raymond James & Associates now owns 310,441 shares of the company’s stock valued at $29,396,000 after purchasing an additional 10,301 shares during the last quarter. SG Americas Securities LLC grew its position in Sony Group by 2,317.1% during the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock worth $5,127,000 after purchasing an additional 51,903 shares during the period. Finally, Fortitude Family Office LLC purchased a new position in shares of Sony Group during the 4th quarter valued at about $31,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Down 0.2 %

Shares of SONY stock opened at $86.54 on Thursday. Sony Group Co. has a 1-year low of $79.62 and a 1-year high of $100.94. The company has a market cap of $106.81 billion, a price-to-earnings ratio of 16.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. The stock has a 50 day simple moving average of $91.38 and a 200-day simple moving average of $88.90.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share (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 net margin of 7.62% and a return on equity of 12.43%. On average, equities research analysts expect that Sony Group Co. will post 5.19 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.