Sony Group Co. (NYSE:SONY) Shares Acquired by Keel Point LLC

Keel Point LLC increased its stake in Sony Group Co. (NYSE:SONY) by 20.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,035 shares of the company’s stock after acquiring an additional 866 shares during the period. Keel Point LLC’s holdings in Sony Group were worth $477,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SONY. Fiduciary Trust Co. raised its stake in Sony Group by 4.0% in the first quarter. Fiduciary Trust Co. now owns 2,871 shares of the company’s stock valued at $260,000 after buying an additional 110 shares in the last quarter. Gallacher Capital Management LLC grew its holdings in shares of Sony Group by 3.9% during the third quarter. Gallacher Capital Management LLC now owns 3,215 shares of the company’s stock worth $265,000 after purchasing an additional 121 shares during the last quarter. Hancock Whitney Corp grew its holdings in shares of Sony Group by 1.9% during the first quarter. Hancock Whitney Corp now owns 6,506 shares of the company’s stock worth $590,000 after purchasing an additional 124 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Sony Group by 6.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 1,979 shares of the company’s stock worth $187,000 after purchasing an additional 127 shares during the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of Sony Group by 4.1% during the third quarter. Brighton Jones LLC now owns 3,308 shares of the company’s stock worth $273,000 after purchasing an additional 129 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

NYSE SONY opened at $83.80 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $87.95 and its two-hundred day moving average is $88.96. Sony Group Co. has a 12-month low of $79.62 and a 12-month high of $100.94. The stock has a market capitalization of $103.43 billion, a price-to-earnings ratio of 15.89 and a beta of 0.98.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.68 by $0.32. The business had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. Research analysts expect that Sony Group Co. will post 5.21 EPS for the current year.

Analysts Set New Price Targets

SONY has been the topic of several recent research reports. TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Oppenheimer restated an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a research report on Monday, February 26th. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $108.00.

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.