Fairscale Capital LLC Grows Stake in Sony Group Co. (NYSE:SONY)

Fairscale Capital LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY) by 400.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,240 shares of the company’s stock after purchasing an additional 992 shares during the period. Fairscale Capital LLC’s holdings in Sony Group were worth $26,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Silicon Valley Capital Partners lifted its stake 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 worth $25,000 after buying an additional 927 shares in the last quarter. General Partner Inc. grew 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 stake in shares of Sony Group during the 4th quarter worth approximately $26,000. Hilltop National Bank increased its position in shares of Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position 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 acquiring an additional 1,204 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Down 1.1 %

SONY opened at $24.13 on Monday. 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 quick ratio of 0.49 and a current ratio of 0.66. The stock has a market capitalization of $145.90 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The business’s 50-day simple moving average is $22.45 and its 200-day simple moving average is $17.52.

Sony Group (NYSE:SONY) last announced its 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. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Analysts anticipate that Sony Group Co. will post 1.23 EPS for the current 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.