Sony Group Co. (NYSE:SONY) Stock Holdings Increased by Sage Rhino Capital LLC

Sage Rhino Capital LLC boosted its position in Sony Group Co. (NYSE:SONY) by 404.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,829 shares of the company’s stock after buying an additional 19,904 shares during the quarter. Sage Rhino Capital LLC’s holdings in Sony Group were worth $525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SONY. International Assets Investment Management LLC bought a new stake in Sony Group in the third quarter valued at about $1,418,000. Wealth Enhancement Advisory Services LLC boosted its stake in 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 acquiring an additional 7,781 shares during the period. US Bancorp DE boosted its stake in Sony Group by 9.8% in the third quarter. US Bancorp DE now owns 127,457 shares of the company’s stock valued at $12,309,000 after acquiring an additional 11,375 shares during the period. Gladstone Institutional Advisory LLC acquired a new position in Sony Group in the third quarter valued at approximately $621,000. Finally, Janney Montgomery Scott LLC boosted its stake in 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 acquiring an additional 1,504 shares during the period. 14.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SONY has been the subject of a number of research reports. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Oppenheimer restated an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, Sanford C. Bernstein initiated coverage on Sony Group in a research note 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. Based on data from MarketBeat.com, Sony Group presently has a consensus rating of “Buy” and an average target price of $28.00.

Sony Group Stock Performance

Shares of NYSE SONY opened at $25.05 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $22.13 and a 200-day simple moving average of $16.80. The company has a market cap of $151.49 billion, a PE ratio of 20.33, a P/E/G ratio of 9.95 and a beta of 0.96. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.64.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during 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%. On average, equities research analysts forecast 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.