Kestra Private Wealth Services LLC Boosts Position in Sony Group Co. (NYSE:SONY)

Kestra Private Wealth Services LLC raised its stake in shares of Sony Group Co. (NYSE:SONY) by 10.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,623 shares of the company’s stock after buying an additional 703 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Sony Group were worth $722,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in Sony Group by 2,317.1% during the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock valued at $5,127,000 after buying an additional 51,903 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Sony Group by 290.8% during the fourth quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock worth $4,175,000 after purchasing an additional 32,811 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Sony Group by 103.2% during the fourth quarter. Cerity Partners LLC now owns 38,183 shares of the company’s stock worth $3,616,000 after purchasing an additional 19,395 shares in the last quarter. XY Capital Ltd purchased a new position in shares of Sony Group during the third quarter worth about $876,000. Finally, Bleakley Financial Group LLC grew its holdings in shares of Sony Group by 25.3% during the fourth quarter. Bleakley Financial Group LLC now owns 7,178 shares of the company’s stock worth $680,000 after purchasing an additional 1,450 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

Sony Group stock opened at $84.54 on Monday. The firm has a fifty day simple moving average of $85.24 and a two-hundred day simple moving average of $88.84. Sony Group Co. has a twelve month low of $79.62 and a twelve month high of $100.94. The company has a market capitalization of $104.34 billion, a PE ratio of 16.32 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last issued its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.32. The company had revenue of $25.38 billion during the quarter, compared to analysts’ expectations 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 5.22 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Finally, Oppenheimer reissued an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

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.