Atlas Capital Advisors Inc. Buys 12,888 Shares of Sony Group Co. (NYSE:SONY)

Atlas Capital Advisors Inc. boosted its position in shares of Sony Group Co. (NYSE:SONY) by 400.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,110 shares of the company’s stock after purchasing an additional 12,888 shares during the period. Atlas Capital Advisors Inc.’s holdings in Sony Group were worth $341,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Silicon Valley Capital Partners raised its position in 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 buying an additional 927 shares during the last quarter. General Partner Inc. raised its holdings in shares of 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 last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Sony Group in the fourth quarter worth $26,000. Fairscale Capital LLC boosted its holdings in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after purchasing an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC grew its position in Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after purchasing an additional 1,104 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Stock Performance

Shares of NYSE SONY opened at $21.81 on Friday. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.78. The stock has a 50 day moving average of $23.90 and a 200-day moving average of $20.20. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $131.90 billion, a P/E ratio of 17.70, a P/E/G ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate 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 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SONY shares. Oppenheimer restated an “outperform” rating and set 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 Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. The Goldman Sachs Group initiated coverage on Sony Group in a research note on Tuesday, March 25th. They set a “buy” 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, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Sony Group has an average rating of “Buy” and an average price target of $28.00.

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.