Moors & Cabot Inc. Has $1.31 Million Position in Sony Group Co. (NYSE:SONY)

Moors & Cabot Inc. raised its holdings in Sony Group Co. (NYSE:SONY) by 453.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,826 shares of the company’s stock after buying an additional 50,664 shares during the quarter. Moors & Cabot Inc.’s holdings in Sony Group were worth $1,308,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Silicon Valley Capital Partners lifted its position in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after buying an additional 927 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in Sony Group during the fourth quarter worth $26,000. Fairscale Capital LLC lifted its holdings in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after acquiring an additional 992 shares during the period. General Partner Inc. lifted its holdings in shares of 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. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Sony Group by 106.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after purchasing an additional 716 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Down 1.2 %

Shares of NYSE SONY opened at $23.40 on Friday. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.64. The firm’s 50-day simple moving average is $22.61 and its 200 day simple moving average is $17.87. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market cap of $141.50 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. On average, research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SONY has been the topic of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer reiterated an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com downgraded 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, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price 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.