Union Bancaire Privee UBP SA Takes $100,000 Position in Sony Group Co. (NYSE:SONY)

Union Bancaire Privee UBP SA acquired a new position in shares of Sony Group Co. (NYSE:SONY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,900 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd grew its stake in shares of Sony Group by 400.0% during the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock worth $763,000 after acquiring an additional 28,852 shares in the last quarter. Bfsg LLC bought a new position in Sony Group in the fourth quarter valued at $6,125,000. Fifth Third Bancorp increased its stake in Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock valued at $3,337,000 after buying an additional 119,362 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its position in Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after buying an additional 32,725 shares in the last quarter. Finally, One Wealth Advisors LLC boosted its stake in shares of Sony Group by 400.9% during the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company’s stock worth $729,000 after buying an additional 27,593 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Trading Up 1.1 %

Sony Group stock opened at $25.08 on Wednesday. The stock has a 50-day simple moving average of $21.88 and a 200 day simple moving average of $16.34. The stock has a market capitalization of $151.65 billion, a P/E ratio of 20.35, a PEG ratio of 9.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.29.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SONY. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $28.00.

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.