Bfsg LLC Purchases Shares of 289,471 Sony Group Co. (NYSE:SONY)

Bfsg LLC acquired a new stake in Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 289,471 shares of the company’s stock, valued at approximately $6,125,000.

A number of other hedge funds have also made changes to their positions in SONY. Y.D. More Investments Ltd lifted its position in shares of Sony Group by 400.0% during the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock worth $763,000 after purchasing an additional 28,852 shares in the last quarter. Pictet North America Advisors SA grew its stake in shares of Sony Group by 19.4% during the third quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock valued at $23,561,000 after acquiring an additional 39,688 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Sony Group by 311.3% in the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock worth $3,337,000 after acquiring an additional 119,362 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its holdings in Sony Group by 430.0% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock valued at $854,000 after purchasing an additional 32,725 shares during the last quarter. Finally, One Wealth Advisors LLC increased its holdings in Sony Group by 400.9% during the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company’s stock worth $729,000 after purchasing an additional 27,593 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 4.2 %

Shares of NYSE SONY opened at $24.16 on Tuesday. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $24.25. The company has a market cap of $146.08 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $21.52 and its 200 day simple moving average is $15.43.

Sony Group (NYSE:SONY) last released its quarterly earnings data 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. Sony Group had a net margin of 8.55% and a return on equity of 14.27%. The business had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Equities research analysts expect that Sony Group Co. will post 1.21 EPS for the current year.

Analyst Upgrades and Downgrades

SONY has been the subject of a number of research analyst reports. Oppenheimer dropped their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sony Group currently has an average rating of “Buy” and a consensus target price of $24.00.

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.