Checchi Capital Advisers LLC Purchases 22,519 Shares of Sony Group Co. (NYSE:SONY)

Checchi Capital Advisers LLC boosted its position in Sony Group Co. (NYSE:SONY) by 404.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,086 shares of the company’s stock after purchasing an additional 22,519 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Sony Group were worth $594,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Sony Group during the third quarter valued at $1,418,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Sony Group by 68.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,214 shares of the company’s stock valued at $1,855,000 after acquiring an additional 7,781 shares in the last quarter. Diversify Advisory Services LLC boosted its position in shares of Sony Group by 348.5% during the third quarter. Diversify Advisory Services LLC now owns 19,214 shares of the company’s stock valued at $1,855,000 after buying an additional 14,930 shares during the last quarter. Diversify Wealth Management LLC boosted its position in shares of Sony Group by 511.4% during the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after buying an additional 42,156 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Sony Group by 9.8% during the third quarter. US Bancorp DE now owns 127,457 shares of the company’s stock valued at $12,309,000 after buying an additional 11,375 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 1.5 %

Shares of SONY opened at $25.45 on Thursday. The business’s 50 day moving average is $21.97 and its 200 day moving average is $16.40. The company has a market capitalization of $153.91 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.64. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SONY shares. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sony Group presently has a consensus rating of “Buy” and an average price target of $28.00.

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.