GAMMA Investing LLC Makes New Investment in Sony Group Co. (NYSE:SONY)

GAMMA Investing LLC purchased a new stake in Sony Group Co. (NYSE:SONY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,295 shares of the company’s stock, valued at approximately $420,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SONY. Exchange Traded Concepts LLC purchased a new position in Sony Group in the 3rd quarter valued at approximately $405,000. Richelieu Gestion SA raised its stake in shares of Sony Group by 22.5% during the 3rd quarter. Richelieu Gestion SA now owns 3,725 shares of the company’s stock worth $307,000 after buying an additional 683 shares during the last quarter. Caprock Group LLC grew its stake in Sony Group by 2.6% in the 3rd quarter. Caprock Group LLC now owns 18,720 shares of the company’s stock valued at $1,543,000 after acquiring an additional 480 shares during the last quarter. SOL Capital Management CO grew its stake in Sony Group by 1.4% in the 3rd quarter. SOL Capital Management CO now owns 16,255 shares of the company’s stock valued at $1,340,000 after acquiring an additional 220 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in Sony Group by 5.6% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 4,878 shares of the company’s stock valued at $402,000 after acquiring an additional 257 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SONY. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Oppenheimer reaffirmed an “outperform” rating and set a $108.00 price target on shares of Sony Group in a research note on Monday, February 26th. Finally, TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Trading Up 1.3 %

NYSE SONY traded up $1.09 during mid-day trading on Wednesday, hitting $82.90. The company’s stock had a trading volume of 402,679 shares, compared to its average volume of 775,050. The firm has a market capitalization of $102.32 billion, a P/E ratio of 15.80 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. Sony Group Co. has a 52-week low of $79.62 and a 52-week high of $100.94. The stock’s fifty day simple moving average is $86.20 and its two-hundred day simple moving average is $88.95.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.68 by $0.32. The firm had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. Research analysts expect that Sony Group Co. will post 5.21 EPS for the current year.

About Sony Group

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.