EP Wealth Advisors LLC Raises Position in Sony Group Co. (NYSE:SONY)

EP Wealth Advisors LLC lifted its position in shares of Sony Group Co. (NYSE:SONY) by 429.8% during the 4th quarter, HoldingsChannel reports. The firm owned 48,873 shares of the company’s stock after acquiring an additional 39,648 shares during the period. EP Wealth Advisors LLC’s holdings in Sony Group were worth $1,034,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. FCA Corp TX increased its stake in shares of Sony Group by 22.5% during the fourth quarter. FCA Corp TX now owns 4,900 shares of the company’s stock valued at $104,000 after purchasing an additional 900 shares in the last quarter. Silicon Valley Capital Partners lifted 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 acquiring an additional 927 shares in the last quarter. Capital Analysts LLC boosted its stake in Sony Group by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after purchasing an additional 936 shares during the last quarter. Fairscale Capital LLC boosted its stake in Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after purchasing an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC boosted its position in shares of Sony Group by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after buying an additional 1,104 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SONY shares. Oppenheimer reiterated an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Wolfe Research reissued a “peer perform” rating on shares of Sony Group in a report on Monday, April 7th. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, 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. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Sony Group Trading Up 1.0 %

SONY stock opened at $24.70 on Friday. Sony Group Co. has a fifty-two week low of $15.19 and a fifty-two week high of $26.08. The firm has a market cap of $149.38 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. The firm has a fifty day moving average price of $24.22 and a 200 day moving average price of $22.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group (NYSE:SONY) last posted its quarterly earnings data 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. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sell-side analysts anticipate 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.