Key Financial Inc Boosts Stake in Sony Group Co. (NYSE:SONY)

Key Financial Inc raised its position in Sony Group Co. (NYSE:SONY) by 404.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,462 shares of the company’s stock after purchasing an additional 19,609 shares during the quarter. Key Financial Inc’s holdings in Sony Group were worth $518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners increased its position in shares of Sony Group by 401.3% during 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 during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group during the fourth quarter worth approximately $26,000. General Partner Inc. boosted its stake in shares of Sony Group by 400.0% during 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 in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after purchasing an additional 716 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Sony Group by 400.0% during 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. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SONY has been the topic of a number of recent research reports. Oppenheimer dropped their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Stock Up 4.2 %

SONY opened at $24.16 on Tuesday. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $24.25. 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 $21.52 and a two-hundred day moving average of $15.43. The stock has a market capitalization of $146.08 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 11.46 and a beta of 0.96.

Sony Group (NYSE:SONY) last released 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 during the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a net margin of 8.55% and a return on equity of 14.27%. On average, research analysts expect that Sony Group Co. will post 1.21 earnings per share for the current year.

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.