Sony Group Co. (NYSE:SONY) Stock Position Lifted by Atria Investments Inc

Atria Investments Inc grew its position in shares of Sony Group Co. (NYSE:SONY) by 435.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 370,254 shares of the company’s stock after buying an additional 301,072 shares during the period. Atria Investments Inc’s holdings in Sony Group were worth $7,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SONY. Janney Montgomery Scott LLC raised its position in shares of Sony Group by 5.8% during 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. QRG Capital Management Inc. increased its position in Sony Group by 11.5% in the 3rd quarter. QRG Capital Management Inc. now owns 73,663 shares of the company’s stock valued at $7,114,000 after acquiring an additional 7,572 shares during the period. Bridgewater Advisors Inc. bought a new stake in Sony Group during the 3rd quarter valued at $2,515,000. Assetmark Inc. boosted its position in Sony Group by 4.1% during the 3rd quarter. Assetmark Inc. now owns 100,165 shares of the company’s stock worth $9,673,000 after acquiring an additional 3,925 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in Sony Group by 39.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock worth $9,993,000 after acquiring an additional 29,165 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

Shares of SONY opened at $24.33 on Thursday. The firm has a 50-day moving average price of $22.33 and a 200 day moving average price of $17.14. The firm has a market capitalization of $147.11 billion, a PE ratio of 19.74, a P/E/G ratio of 9.95 and a beta of 0.91. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.64.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $24.32 billion. On average, sell-side analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SONY shares. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Oppenheimer reiterated an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sony Group currently has an average rating of “Buy” and a consensus 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.