Accent Capital Management LLC Boosts Position in Sony Group Co. (NYSE:SONY)

Accent Capital Management LLC boosted its position in shares of Sony Group Co. (NYSE:SONY) by 400.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,380 shares of the company’s stock after buying an additional 1,104 shares during the period. Accent Capital Management LLC’s holdings in Sony Group were worth $29,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd lifted its stake in shares of Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after purchasing an additional 28,852 shares during the period. Bfsg LLC acquired a new position in Sony Group in the fourth quarter valued at $6,125,000. Fifth Third Bancorp lifted its holdings in shares of Sony Group by 311.3% during the 4th 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 during the period. West Family Investments Inc. boosted its holdings in shares of Sony Group by 392.9% in the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company’s stock valued at $566,000 after purchasing an additional 21,303 shares during the last quarter. Finally, 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 acquiring an additional 32,725 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Tuesday. They issued a “buy” rating on the stock. Finally, 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 report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sony Group has a consensus rating of “Buy” and a consensus price target of $28.00.

Sony Group Stock Down 2.1 %

SONY opened at $25.11 on Friday. The firm has a market cap of $151.83 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The business has a 50 day moving average price of $23.58 and a 200 day moving average price of $19.50. 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 twelve month low of $15.02 and a twelve month high of $25.78.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Research analysts forecast that Sony Group Co. will post 1.23 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.