Argonautica Private Wealth Management Inc. Purchases 13,132 Shares of Sony Group Co. (NYSE:SONY)

Argonautica Private Wealth Management Inc. lifted its position in shares of Sony Group Co. (NYSE:SONY) by 401.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,404 shares of the company’s stock after acquiring an additional 13,132 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Sony Group were worth $347,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners raised its position 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 valued at $25,000 after purchasing an additional 927 shares during the period. General Partner Inc. raised its holdings in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group during the fourth quarter worth $26,000. Hilltop National Bank boosted its holdings in shares of Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after acquiring an additional 1,174 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after purchasing an additional 1,204 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $33.00 target price (up 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Up 1.1 %

NYSE SONY opened at $25.08 on Wednesday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.29. The stock has a market capitalization of $151.65 billion, a PE ratio of 20.35, a PEG ratio of 9.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The business’s 50-day moving average is $21.88 and its 200 day moving average is $16.34.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS 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 analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Sell-side analysts forecast 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.