EverSource Wealth Advisors LLC Purchases 8,674 Shares of Sony Group Co. (NYSE:SONY)

EverSource Wealth Advisors LLC lifted its position in Sony Group Co. (NYSE:SONY) by 414.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,769 shares of the company’s stock after buying an additional 8,674 shares during the period. EverSource Wealth Advisors LLC’s holdings in Sony Group were worth $228,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd grew its stake in Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after acquiring an additional 28,852 shares during the period. Bfsg LLC acquired a new position in shares of Sony Group in the 4th quarter valued at approximately $6,125,000. Fifth Third Bancorp grew its position in shares of 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 purchasing an additional 119,362 shares during the period. West Family Investments Inc. increased its stake in Sony Group by 392.9% during the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company’s stock worth $566,000 after purchasing an additional 21,303 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC raised its holdings 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 during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

NYSE SONY opened at $24.11 on Monday. The firm’s 50 day moving average is $22.67 and its 200-day moving average is $18.22. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $145.78 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. 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 results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Equities research analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SONY. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average 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.