Carrera Capital Advisors Invests $2.90 Million in Sony Group Co. (NYSE:SONY)

Carrera Capital Advisors bought a new stake in Sony Group Co. (NYSE:SONY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 137,012 shares of the company’s stock, valued at approximately $2,899,000.

Other large investors have also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners boosted its holdings in shares of Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Sony Group in the fourth quarter valued at $26,000. General Partner Inc. grew its position in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares during the period. Brown Brothers Harriman & Co. increased its stake in Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after acquiring an additional 716 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC raised its holdings in shares of Sony Group by 400.0% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock worth $32,000 after purchasing an additional 1,200 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. One research 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 stock. Based on data from MarketBeat.com, Sony Group currently has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Trading Down 1.8 %

SONY opened at $24.16 on Wednesday. The firm has a market capitalization of $146.09 billion, a P/E ratio of 19.61, a P/E/G ratio of 9.95 and a beta of 0.96. The firm’s 50 day moving average is $22.26 and its 200-day moving average is $17.09. 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 Co. has a 52-week low of $15.02 and a 52-week high of $25.64.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The firm 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 14.10% and a net margin of 8.21%. Analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

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.