Sony Group Co. (NYSE:SONY) Stock Holdings Increased by Naviter Wealth LLC

Naviter Wealth LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 344.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,310 shares of the company’s stock after acquiring an additional 107,180 shares during the period. Naviter Wealth LLC’s holdings in Sony Group were worth $2,927,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners raised its stake in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after acquiring an additional 927 shares in the last quarter. General Partner Inc. raised its stake in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Sony Group during the 4th quarter valued at $26,000. Hilltop National Bank raised its stake in Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Sony Group by 400.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after acquiring an additional 1,204 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Oppenheimer reissued an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One equities research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $28.00.

Sony Group Stock Down 1.1 %

SONY opened at $24.13 on Friday. The stock’s fifty day moving average is $22.39 and its 200-day moving average is $17.19. The company has a market capitalization of $145.90 billion, a PE ratio of 19.58, a P/E/G ratio of 9.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a one year low of $15.02 and a one year high of $25.64.

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. The company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, equities analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Sony Group 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.