HUB Investment Partners LLC Purchases New Stake in Sony Group Co. (NYSE:SONY)

HUB Investment Partners LLC bought a new position in shares of Sony Group Co. (NYSE:SONY) in the 4th quarter, HoldingsChannel.com reports. The fund bought 9,671 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also recently bought and sold shares of SONY. Pathstone Holdings LLC raised its stake in Sony Group by 1.8% during the third quarter. Pathstone Holdings LLC now owns 57,661 shares of the company’s stock worth $5,568,000 after acquiring an additional 1,045 shares in the last quarter. Commerce Bank acquired a new position in Sony Group during the third quarter worth about $231,000. First Horizon Advisors Inc. raised its stake in Sony Group by 14.9% during the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock worth $447,000 after acquiring an additional 599 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Sony Group by 25.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 79,211 shares of the company’s stock worth $7,649,000 after acquiring an additional 16,073 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in Sony Group by 456.3% during the third quarter. Eagle Asset Management Inc. now owns 27,604 shares of the company’s stock worth $2,666,000 after acquiring an additional 22,642 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of SONY stock opened at $25.25 on Friday. The business’s 50 day simple moving average is $23.08 and its 200 day simple moving average is $18.85. Sony Group Co. has a one year low of $15.02 and a one year high of $25.64. The stock has a market capitalization of $152.72 billion, a PE ratio of 20.50, a PEG ratio of 9.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY) last announced its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate 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. As a group, research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. Oppenheimer restated an “outperform” rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $28.00.

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.