JFS Wealth Advisors LLC Boosts Stock Position in Sony Group Co. (NYSE:SONY)

JFS Wealth Advisors LLC increased its stake in shares of Sony Group Co. (NYSE:SONY) by 400.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,720 shares of the company’s stock after acquiring an additional 2,176 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Sony Group were worth $58,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after acquiring an additional 972,075 shares during the period. Cardinal Capital Management Inc. increased its position in Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after purchasing an additional 1,287,259 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in Sony Group during the third quarter worth about $109,462,000. Cambiar Investors LLC boosted its holdings in Sony Group by 548.9% in the 4th quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock valued at $22,414,000 after purchasing an additional 896,013 shares during the last quarter. Finally, Pictet North America Advisors SA grew its stake in shares of Sony Group by 333.4% in the 4th quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock valued at $22,375,000 after buying an additional 813,429 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

NYSE:SONY opened at $24.50 on Wednesday. The stock has a market capitalization of $148.14 billion, a P/E ratio of 20.05, a PEG ratio of 11.46 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $24.88. The company has a 50 day moving average price of $21.58 and a 200 day moving average price of $15.58.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.27% and a net margin of 8.55%. Equities research analysts forecast that Sony Group Co. will post 1.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer decreased their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $24.00.

About Sony Group

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.