4,900 Shares in Sony Group Co. (NYSE:SONY) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in shares of Sony Group Co. (NYSE:SONY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,900 shares of the company’s stock, valued at approximately $100,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Sony Group in the 3rd quarter valued at approximately $1,418,000. Wealth Enhancement Advisory Services LLC boosted its position 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 buying an additional 7,781 shares in the last quarter. Diversify Advisory Services LLC grew its stake in shares of Sony Group by 348.5% during the third quarter. Diversify Advisory Services LLC now owns 19,214 shares of the company’s stock worth $1,855,000 after buying an additional 14,930 shares during the last quarter. Diversify Wealth Management LLC increased its holdings in shares of Sony Group by 511.4% during the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock worth $4,867,000 after buying an additional 42,156 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Sony Group by 9.8% in the 3rd quarter. US Bancorp DE now owns 127,457 shares of the company’s stock valued at $12,309,000 after acquiring an additional 11,375 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Trading Up 1.1 %

NYSE SONY opened at $25.08 on Wednesday. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.29. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $151.65 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. The business’s 50-day moving average price is $21.88 and its two-hundred day moving average price is $16.34.

Sony Group (NYSE:SONY) last released its quarterly earnings results 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 net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. On average, analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Oppenheimer restated an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $28.00.

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.