3,927 Shares in Sony Group Co. (NYSE:SONY) Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new stake in Sony Group Co. (NYSE:SONY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,927 shares of the company’s stock, valued at approximately $83,000.

A number of other institutional investors have also recently bought and sold shares of SONY. Raymond James & Associates grew its position in shares of Sony Group by 4.1% during the 3rd quarter. Raymond James & Associates now owns 286,528 shares of the company’s stock worth $27,670,000 after buying an additional 11,268 shares during the period. International Assets Investment Management LLC bought a new position in Sony Group during the 3rd quarter worth approximately $1,418,000. Mediolanum International Funds Ltd acquired a new position in Sony Group during the third quarter valued at approximately $109,462,000. Wealth Enhancement Advisory Services LLC increased its stake in Sony Group by 68.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,214 shares of the company’s stock valued at $1,855,000 after purchasing an additional 7,781 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in Sony Group by 348.5% in the third quarter. Diversify Advisory Services LLC now owns 19,214 shares of the company’s stock worth $1,855,000 after purchasing an additional 14,930 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SONY. Oppenheimer reissued an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $28.00.

Sony Group Stock Down 0.5 %

Shares of SONY stock opened at $24.81 on Friday. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.29. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average of $21.74 and a 200-day moving average of $15.86. The company has a market capitalization of $150.01 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 9.98 and a beta of 0.96.

Sony Group (NYSE:SONY) last released 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 firm 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%. As a group, equities research analysts predict that Sony Group Co. will post 1.22 earnings per share 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.