Jacobi Capital Management LLC Invests $206,000 in Sony Group Co. (NYSE:SONY)

Jacobi Capital Management LLC acquired a new position in shares of Sony Group Co. (NYSE:SONY) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 9,750 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SONY. Silicon Valley Capital Partners raised its stake in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after acquiring an additional 927 shares in the last quarter. General Partner Inc. increased its stake in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in Sony Group in the fourth quarter valued at $26,000. Hilltop National Bank increased its stake in Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after purchasing an additional 1,204 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Oppenheimer restated an “outperform” rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $28.00.

Sony Group Stock Down 1.8 %

Shares of NYSE:SONY opened at $24.59 on Tuesday. The company has a market cap of $148.71 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 9.95 and a beta of 0.96. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The firm’s 50-day simple moving average is $22.20 and its 200-day simple moving average is $16.94. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, equities research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

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.