Orion Portfolio Solutions LLC Acquires 251,565 Shares of Sony Group Co. (NYSE:SONY)

Orion Portfolio Solutions LLC raised its stake in shares of Sony Group Co. (NYSE:SONY) by 375.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 318,484 shares of the company’s stock after purchasing an additional 251,565 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Sony Group were worth $6,739,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in SONY. Fiduciary Trust Co lifted its position in Sony Group by 13.4% during the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock valued at $479,000 after purchasing an additional 585 shares during the period. Coldstream Capital Management Inc. raised its stake in Sony Group by 23.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock valued at $352,000 after buying an additional 751 shares during the last quarter. FCA Corp TX lifted its holdings in shares of Sony Group by 22.5% during the 4th quarter. FCA Corp TX now owns 4,900 shares of the company’s stock valued at $104,000 after buying an additional 900 shares during the period. Silicon Valley Capital Partners boosted its stake in shares of Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after buying an additional 927 shares during the last quarter. Finally, Fairscale Capital LLC grew its holdings in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after acquiring an additional 992 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 2.1 %

SONY stock opened at $25.11 on Friday. The business’s 50-day moving average price is $23.58 and its 200-day moving average price is $19.61. The stock has a market cap of $151.83 billion, a P/E ratio of 20.38, a PEG ratio of 9.95 and a beta of 0.91. 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 Co. has a twelve month low of $15.02 and a twelve month high of $25.78.

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, topping analysts’ consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion during 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%. On average, equities research analysts forecast that Sony Group Co. will post 1.23 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on SONY. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating on the stock. Sanford C. Bernstein assumed coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, Oppenheimer reiterated an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. 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.