Global Retirement Partners LLC Boosts Stake in Sony Group Co. (NYSE:SONY)

Global Retirement Partners LLC increased its holdings in Sony Group Co. (NYSE:SONY) by 405.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,538 shares of the company’s stock after acquiring an additional 15,671 shares during the quarter. Global Retirement Partners LLC’s holdings in Sony Group were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Fiduciary Trust Co increased its position in shares of Sony Group by 13.4% during the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock valued at $479,000 after acquiring an additional 585 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Sony Group by 14.9% during the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after buying an additional 599 shares during the last quarter. West Family Investments Inc. raised its holdings in Sony Group by 13.0% in the 3rd quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock worth $524,000 after purchasing an additional 623 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after buying an additional 716 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in shares of Sony Group by 23.2% in the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock worth $352,000 after purchasing an additional 751 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

SONY stock opened at $24.81 on Monday. The firm has a market cap of $150.01 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 9.95 and a beta of 0.96. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.29. 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 business’s fifty day simple moving average is $21.74 and its two-hundred day simple moving average is $16.03.

Sony Group (NYSE:SONY) last issued its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion for 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 predict that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SONY. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $28.00.

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.