OneAscent Financial Services LLC Buys 9,232 Shares of Sony Group Co. (NYSE:SONY)

OneAscent Financial Services LLC raised its stake in Sony Group Co. (NYSE:SONY) by 429.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,384 shares of the company’s stock after acquiring an additional 9,232 shares during the quarter. OneAscent Financial Services LLC’s holdings in Sony Group were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SONY. Coldstream Capital Management Inc. increased its stake in shares of Sony Group by 23.2% during the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock worth $352,000 after purchasing an additional 751 shares during the period. FCA Corp TX increased its position in Sony Group by 22.5% during the 4th quarter. FCA Corp TX now owns 4,900 shares of the company’s stock worth $104,000 after buying an additional 900 shares during the period. Silicon Valley Capital Partners lifted its holdings in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after buying an additional 927 shares in the last quarter. Fairscale Capital LLC boosted its position in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after acquiring an additional 992 shares during the period. Finally, General Partner Inc. grew its stake in shares of 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 acquiring an additional 996 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. The Goldman Sachs Group initiated coverage on Sony Group in a research note on Tuesday, March 25th. They set a “buy” rating on the stock. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given 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 price target of $28.00.

Sony Group Stock Performance

Shares of NYSE:SONY opened at $21.81 on Friday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.78. The stock has a market capitalization of $131.90 billion, a price-to-earnings 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 current ratio of 0.66 and a quick ratio of 0.49. The company’s 50 day simple moving average is $23.90 and its 200 day simple moving average is $20.20.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. As a group, research analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal 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.