Seven Mile Advisory Takes $227,000 Position in Sony Group Co. (NYSE:SONY)

Seven Mile Advisory acquired a new stake in Sony Group Co. (NYSE:SONY) in the fourth quarter, Holdings Channel reports. The firm acquired 10,746 shares of the company’s stock, valued at approximately $227,000.

Several other large investors have also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners grew its stake in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after acquiring an additional 927 shares in the last quarter. General Partner Inc. boosted its holdings in Sony Group by 400.0% in 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 period. Newbridge Financial Services Group Inc. acquired a new position in Sony Group during the 4th quarter worth $26,000. Fairscale Capital LLC increased its holdings in Sony Group by 400.0% during 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 during the period. Finally, Accent Capital Management LLC raised its position in Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after purchasing an additional 1,104 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Stock Down 2.1 %

SONY opened at $25.11 on Monday. The stock has a market capitalization of $151.83 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78. The business’s 50-day simple moving average is $23.58 and its 200-day simple moving average is $19.72.

Sony Group (NYSE:SONY) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Analysts anticipate that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SONY. Oppenheimer reissued an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating on the stock. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price 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.