Sony Group Co. (NYSE:SONY) Position Boosted by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 387.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,112 shares of the company’s stock after acquiring an additional 35,866 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Sony Group were worth $955,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SONY. International Assets Investment Management LLC purchased a new position in Sony Group during the 3rd quarter valued at about $1,418,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Sony Group by 68.1% in the 3rd 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. Gladstone Institutional Advisory LLC bought a new stake in shares of Sony Group in the 3rd quarter valued at approximately $621,000. Janney Montgomery Scott LLC grew its stake in shares of Sony Group by 5.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $2,636,000 after buying an additional 1,504 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Sony Group by 11.5% in the 3rd quarter. QRG Capital Management Inc. now owns 73,663 shares of the company’s stock valued at $7,114,000 after buying an additional 7,572 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. 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, Oppenheimer reissued an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sony Group presently has a consensus rating of “Buy” and an average target price of $28.00.

Sony Group Stock Down 1.8 %

Shares of Sony Group stock opened at $24.59 on Tuesday. The stock has a market capitalization of $148.71 billion, a P/E ratio of 19.96, a PEG ratio of 9.95 and a beta of 0.96. 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 stock has a 50 day moving average price of $22.20 and a two-hundred day moving average price of $16.94. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.64.

Sony Group (NYSE:SONY) last announced 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%. Equities analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.

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.