SageView Advisory Group LLC Makes New $932,000 Investment in Sony Group Co. (NYSE:SONY)

SageView Advisory Group LLC bought a new stake in shares of Sony Group Co. (NYSE:SONY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,569 shares of the company’s stock, valued at approximately $932,000.

Other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC grew its holdings in Sony Group by 5.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,359,171 shares of the company’s stock valued at $602,150,000 after purchasing an additional 342,025 shares during the period. Envestnet Asset Management Inc. grew its stake in Sony Group by 39.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,067,247 shares of the company’s stock valued at $87,952,000 after acquiring an additional 299,300 shares during the period. Natixis Advisors L.P. grew its stake in Sony Group by 77.6% in the 4th quarter. Natixis Advisors L.P. now owns 315,680 shares of the company’s stock valued at $29,891,000 after acquiring an additional 137,963 shares during the period. Norges Bank purchased a new stake in Sony Group in the 4th quarter worth $10,193,000. Finally, Alberta Investment Management Corp raised its position in Sony Group by 30.0% during the third quarter. Alberta Investment Management Corp now owns 260,000 shares of the company’s stock worth $21,427,000 after acquiring an additional 60,000 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SONY shares. StockNews.com upgraded shares of Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Oppenheimer reissued an “outperform” rating and issued a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Price Performance

SONY traded down $0.51 on Friday, reaching $80.29. 740,132 shares of the company’s stock were exchanged, compared to its average volume of 1,108,325. The stock has a market cap of $99.10 billion, a PE ratio of 14.76 and a beta of 0.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.66 and a quick ratio of 0.52. Sony Group Co. has a twelve month low of $75.11 and a twelve month high of $100.94. The stock’s fifty day moving average price is $83.50 and its 200-day moving average price is $88.48.

Sony Group (NYSE:SONY) last issued its earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. The business had revenue of $23.45 billion for the quarter, compared to analysts’ expectations of $18.97 billion. During the same period in the previous year, the firm posted $0.78 EPS. Sell-side analysts expect that Sony Group Co. will post 5.84 EPS 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.