Lake Street Advisors Group LLC Purchases 39,294 Shares of Sony Group Co. (NYSE:SONY)

Lake Street Advisors Group LLC lifted its position in shares of Sony Group Co. (NYSE:SONY) by 480.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,479 shares of the company’s stock after buying an additional 39,294 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Sony Group were worth $1,005,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Y.D. More Investments Ltd raised its stake in Sony Group by 400.0% in the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock worth $763,000 after purchasing an additional 28,852 shares in the last quarter. Bfsg LLC bought a new position in shares of Sony Group during the fourth quarter worth approximately $6,125,000. Fifth Third Bancorp raised its position in shares of Sony Group by 311.3% in the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock valued at $3,337,000 after buying an additional 119,362 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Sony Group by 430.0% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock valued at $854,000 after buying an additional 32,725 shares during the period. Finally, One Wealth Advisors LLC grew its position in Sony Group by 400.9% during the fourth quarter. One Wealth Advisors LLC now owns 34,475 shares of the company’s stock worth $729,000 after buying an additional 27,593 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 1.5 %

Shares of SONY opened at $25.45 on Thursday. The firm has a 50 day simple moving average of $21.97 and a two-hundred day simple moving average of $16.40. The company has a market cap of $153.91 billion, a P/E ratio of 20.66, a P/E/G ratio of 9.95 and a beta of 0.96. 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.

Sony Group (NYSE:SONY) last posted its quarterly 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 company had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Research analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SONY. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price 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.