Pekin Hardy Strauss Inc. Raises Holdings in Sony Group Co. (NYSE:SONY)

Pekin Hardy Strauss Inc. lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 333.7% in the fourth quarter, HoldingsChannel reports. The firm owned 307,017 shares of the company’s stock after acquiring an additional 236,221 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Sony Group were worth $6,496,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Silicon Valley Capital Partners increased its stake in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after purchasing an additional 927 shares in the last quarter. General Partner Inc. boosted its position in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after acquiring an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Sony Group during the fourth quarter worth approximately $26,000. Hilltop National Bank boosted its position in Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after acquiring an additional 1,174 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in 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 worth $32,000 after acquiring an additional 1,204 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SONY. Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer restated an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Down 0.5 %

Shares of SONY opened at $24.81 on Friday. The firm has a market cap of $150.01 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. The company’s fifty day moving average is $21.74 and its two-hundred day moving average is $15.95. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.29. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

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

Sony Group Company 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.