Sony Group Co. (NYSE:SONY) Shares Bought by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 178.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,071 shares of the company’s stock after buying an additional 53,237 shares during the period. Frank Rimerman Advisors LLC’s holdings in Sony Group were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners increased its holdings in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the period. General Partner Inc. increased its holdings in shares of Sony Group by 400.0% in 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 during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Sony Group in the fourth quarter valued at about $26,000. Fairscale Capital LLC increased its holdings in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after purchasing an additional 992 shares during the period. Finally, Hilltop National Bank increased its holdings in shares of Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Oppenheimer reissued an “outperform” rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Up 3.0 %

Sony Group stock opened at $24.11 on Friday. The firm has a market cap of $145.78 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The business’s 50-day moving average price is $22.67 and its 200 day moving average price is $18.02. 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 issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The company had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, sell-side analysts anticipate that Sony Group Co. will post 1.23 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.