Signaturefd LLC Acquires 116,472 Shares of Sony Group Co. (NYSE:SONY)

Signaturefd LLC lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 424.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,924 shares of the company’s stock after purchasing an additional 116,472 shares during the quarter. Signaturefd LLC’s holdings in Sony Group were worth $3,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Natixis Advisors LLC raised its holdings in Sony Group by 28.3% in the 3rd quarter. Natixis Advisors LLC now owns 353,041 shares of the company’s stock valued at $34,093,000 after acquiring an additional 77,870 shares in the last quarter. Chesapeake Capital Corp IL acquired a new position in Sony Group in the third quarter valued at about $244,000. Thrivent Financial for Lutherans lifted its position in Sony Group by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after purchasing an additional 2,974 shares during the period. Aljian Capital Management LLC acquired a new stake in Sony Group during the third quarter worth about $302,000. Finally, Drive Wealth Management LLC acquired a new position in shares of Sony Group in the 3rd quarter valued at approximately $201,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Up 1.8 %

Shares of NYSE:SONY opened at $24.54 on Tuesday. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.64. The company has a market capitalization of $148.38 billion, a PE ratio of 19.91, 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. The company has a fifty day moving average of $22.74 and a 200-day moving average of $18.36.

Sony Group (NYSE:SONY) last issued 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. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. On average, equities analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Oppenheimer reissued an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus 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.