Sony Group Co. (NYSE:SONY) Stock Holdings Boosted by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC lifted its position in Sony Group Co. (NYSE:SONY) by 385.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,679 shares of the company’s stock after buying an additional 21,976 shares during the period. Arete Wealth Advisors LLC’s holdings in Sony Group were worth $586,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. grew its holdings in 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 acquiring an additional 751 shares during the period. FCA Corp TX boosted its position in shares of Sony Group by 22.5% during the 4th quarter. FCA Corp TX now owns 4,900 shares of the company’s stock valued at $104,000 after purchasing an additional 900 shares in the last quarter. Silicon Valley Capital Partners grew its stake in shares of Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after purchasing an additional 927 shares during the last quarter. Fairscale Capital LLC raised its holdings in shares of Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after purchasing an additional 992 shares in the last quarter. Finally, General Partner Inc. lifted its stake in Sony Group by 400.0% during 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 during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating on the stock. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, Oppenheimer restated an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $28.00.

Sony Group Price Performance

SONY opened at $21.81 on Friday. The firm has a market capitalization of $131.90 billion, a P/E ratio of 17.70, a PEG ratio of 9.95 and a beta of 0.94. The stock has a fifty day moving average of $23.90 and a 200-day moving average of $20.32. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.78.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Equities analysts forecast 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.