Atlas Capital Advisors Inc. Purchases 12,888 Shares of Sony Group Co. (NYSE:SONY)

Atlas Capital Advisors Inc. grew its holdings in Sony Group Co. (NYSE:SONY) by 400.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,110 shares of the company’s stock after acquiring an additional 12,888 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Sony Group were worth $341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Silicon Valley Capital Partners raised its holdings in Sony Group by 401.3% in 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% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Sony Group during the fourth quarter worth about $26,000. Fairscale Capital LLC grew its stake in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after buying an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC increased its holdings in Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after buying an additional 1,104 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on SONY shares. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. The Goldman Sachs Group began coverage on Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating on the stock. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price objective (up 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, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $28.00.

Sony Group Stock Down 6.7 %

Shares of NYSE:SONY opened at $21.81 on Friday. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.78. The company has a market capitalization of $131.90 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company has a fifty day moving average of $23.90 and a 200-day moving average of $20.20.

Sony Group (NYSE:SONY) last issued 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 business had revenue of $28.95 billion during the quarter, compared to analysts’ expectations 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 Company 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.