Legacy Capital Group California Inc. Has $271,000 Stake in Sony Group Co. (NYSE:SONY)

Legacy Capital Group California Inc. boosted its position in Sony Group Co. (NYSE:SONY) by 399.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,805 shares of the company’s stock after purchasing an additional 10,241 shares during the period. Legacy Capital Group California Inc.’s holdings in Sony Group were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SONY. Bray Capital Advisors increased its stake in shares of Sony Group by 400.0% in the fourth quarter. Bray Capital Advisors now owns 60,450 shares of the company’s stock valued at $1,279,000 after buying an additional 48,360 shares during the period. Cromwell Holdings LLC grew its holdings in Sony Group by 400.0% during the 4th quarter. Cromwell Holdings LLC now owns 11,455 shares of the company’s stock worth $242,000 after acquiring an additional 9,164 shares during the last quarter. Boston Financial Mangement LLC grew its holdings in Sony Group by 402.3% during the 4th quarter. Boston Financial Mangement LLC now owns 13,260 shares of the company’s stock worth $281,000 after acquiring an additional 10,620 shares during the last quarter. Hardy Reed LLC increased its position in Sony Group by 400.0% in the 4th quarter. Hardy Reed LLC now owns 18,215 shares of the company’s stock valued at $385,000 after acquiring an additional 14,572 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Sony Group by 315.5% during the fourth quarter. Handelsbanken Fonder AB now owns 620,000 shares of the company’s stock valued at $13,119,000 after acquiring an additional 470,800 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Trading Down 0.5 %

SONY opened at $24.81 on Friday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.29. The company has a fifty day moving average of $21.74 and a 200-day moving average of $15.86. The stock has a market cap of $150.01 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96. 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 issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, sell-side analysts predict that Sony Group Co. will post 1.22 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on SONY. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research report on Thursday. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $28.00.

Sony Group Company 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.