Harrington Investments INC Makes New Investment in Sony Group Co. (NYSE:SONY)

Harrington Investments INC bought a new stake in shares of Sony Group Co. (NYSE:SONY – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,095 shares of the company’s stock, valued at approximately $236,000.

Several other large investors have also recently modified their holdings of the stock. Accurate Wealth Management LLC bought a new position in shares of Sony Group during the 4th quarter valued at approximately $50,000. Single Point Partners LLC bought a new position in shares of Sony Group during the 4th quarter valued at approximately $217,000. Fulton Bank N.A. bought a new position in shares of Sony Group during the 4th quarter valued at approximately $288,000. B. Riley Wealth Advisors Inc. increased its position in shares of Sony Group by 38.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,986 shares of the company’s stock valued at $449,000 after purchasing an additional 1,924 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new position in shares of Sony Group during the 3rd quarter valued at approximately $5,291,000. Institutional investors own 7.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on SONY shares. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a research report on Monday, December 5th. Cowen upped their price objective on Sony Group from $102.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Finally, StockNews.com started coverage on Sony Group in a research report on Thursday. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $115.00.

Sony Group Stock Up 0.2 %

Shares of SONY stock traded up $0.13 during mid-day trading on Friday, hitting $86.52. The stock had a trading volume of 815,242 shares, compared to its average volume of 690,767. Sony Group Co. has a 12-month low of $61.72 and a 12-month high of $107.52. The firm has a market capitalization of $106.76 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.76 and a beta of 1.06. The firm’s 50-day moving average is $86.98 and its two-hundred day moving average is $78.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.61 and a quick ratio of 0.45.

Sony Group (NYSE:SONY – Get Rating) last issued its earnings results on Thursday, February 2nd. The company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.47. Sony Group had a return on equity of 12.77% and a net margin of 8.43%. The business had revenue of $24.20 billion during the quarter, compared to analysts’ expectations of $25.02 billion. On average, analysts predict that Sony Group Co. will post 5.36 earnings per share for the current fiscal year.

About Sony Group

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Sony Group Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and Others.