Schechter Investment Advisors LLC Has $955,000 Stake in Sony Group Co. (NYSE:SONY)

Schechter Investment Advisors LLC lifted its position in Sony Group Co. (NYSE:SONY) by 387.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 45,112 shares of the company’s stock after acquiring an additional 35,866 shares during the period. Schechter Investment Advisors LLC’s holdings in Sony Group were worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of SONY. International Assets Investment Management LLC acquired a new position in shares of Sony Group in the third quarter valued at $1,418,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Sony Group by 68.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,214 shares of the company’s stock valued at $1,855,000 after purchasing an additional 7,781 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new position in shares of Sony Group in the third quarter valued at $621,000. Janney Montgomery Scott LLC raised its stake in shares of Sony Group by 5.8% in the third quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $2,636,000 after purchasing an additional 1,504 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Sony Group by 11.5% in the third quarter. QRG Capital Management Inc. now owns 73,663 shares of the company’s stock valued at $7,114,000 after purchasing an additional 7,572 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SONY has been the topic of a number of analyst reports. StockNews.com cut 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 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. One 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.com, Sony Group currently has an average rating of “Buy” and an average target price of $28.00.

Sony Group Price Performance

Shares of SONY stock opened at $24.59 on Tuesday. The stock’s fifty day moving average is $22.20 and its 200-day moving average is $16.94. 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 stock has a market capitalization of $148.71 billion, a PE ratio of 19.96, a PEG ratio of 9.95 and a beta of 0.96. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.64.

Sony Group (NYSE:SONY) last announced its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion for 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%. Equities research analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

About Sony Group

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.