United Capital Financial Advisors LLC Has $1.29 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

United Capital Financial Advisors LLC grew its position in shares of Sony Group Co. (NYSE:SONY) by 410.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,724 shares of the company’s stock after acquiring an additional 48,822 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Sony Group were worth $1,285,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. M&T Bank Corp raised its stake in Sony Group by 1.9% in the 3rd quarter. M&T Bank Corp now owns 80,858 shares of the company’s stock valued at $7,808,000 after acquiring an additional 1,489 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Sony Group during the 3rd quarter worth about $2,073,000. Wilmington Savings Fund Society FSB acquired a new position in Sony Group in the 3rd quarter valued at about $287,000. Tidal Investments LLC bought a new position in Sony Group in the 3rd quarter valued at about $244,000. Finally, Synovus Financial Corp boosted its holdings in shares of Sony Group by 2.4% during the third quarter. Synovus Financial Corp now owns 50,514 shares of the company’s stock worth $4,878,000 after acquiring an additional 1,177 shares during the period. 14.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Oppenheimer restated an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Wolfe Research reaffirmed a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. The Goldman Sachs Group started coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a “buy” rating on the stock. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sony Group presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Sony Group Stock Performance

NYSE SONY opened at $24.02 on Friday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.78. The firm has a market capitalization of $145.23 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 9.95 and a beta of 0.94. 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 firm’s 50 day simple moving average is $24.05 and its 200 day simple moving average is $21.46.

Sony Group (NYSE:SONY) last issued its quarterly 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 analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, research analysts expect that Sony Group Co. will post 1.23 earnings per share 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.