Smartleaf Asset Management LLC Purchases 27,828 Shares of Sony Group Co. (NYSE:SONY)

Smartleaf Asset Management LLC lifted its position in Sony Group Co. (NYSE:SONY) by 568.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,727 shares of the company’s stock after buying an additional 27,828 shares during the period. Smartleaf Asset Management LLC’s holdings in Sony Group were worth $694,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SONY. International Assets Investment Management LLC bought a new stake in shares of Sony Group in the 3rd quarter valued at $1,418,000. Wealth Enhancement Advisory Services LLC boosted its stake in Sony Group by 68.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,214 shares of the company’s stock worth $1,855,000 after purchasing an additional 7,781 shares during the period. Gladstone Institutional Advisory LLC acquired a new position in Sony Group in the 3rd quarter worth $621,000. Janney Montgomery Scott LLC boosted its stake in Sony Group by 5.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $2,636,000 after purchasing an additional 1,504 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in Sony Group by 11.5% in the 3rd quarter. QRG Capital Management Inc. now owns 73,663 shares of the company’s stock worth $7,114,000 after purchasing an additional 7,572 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Trading Down 1.8 %

Sony Group stock opened at $24.59 on Tuesday. The firm has a 50-day moving average of $22.20 and a 200-day moving average of $16.94. Sony Group Co. has a one year low of $15.02 and a one year high of $25.64. 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 company has a market cap of $148.71 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 9.95 and a beta of 0.96.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. On average, equities analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SONY shares. Oppenheimer reaffirmed 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. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.