Integrated Advisors Network LLC Purchases 194 Shares of Sony Group Co. (NYSE:SONY)

Integrated Advisors Network LLC grew its position in shares of Sony Group Co. (NYSE:SONY) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,394 shares of the company’s stock after acquiring an additional 194 shares during the quarter. Integrated Advisors Network LLC’s holdings in Sony Group were worth $321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Sony Group in the fourth quarter worth $361,000. V Square Quantitative Management LLC purchased a new stake in shares of Sony Group during the fourth quarter valued at $785,000. Harding Loevner LP boosted its stake in shares of Sony Group by 2,206.6% during the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock valued at $219,419,000 after purchasing an additional 2,181,169 shares during the period. Barden Capital Management Inc. raised its holdings in shares of Sony Group by 14.5% in the fourth quarter. Barden Capital Management Inc. now owns 17,301 shares of the company’s stock valued at $1,638,000 after acquiring an additional 2,187 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. raised its holdings in shares of Sony Group by 67.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 624 shares of the company’s stock valued at $59,000 after acquiring an additional 252 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Stock Performance

Shares of Sony Group stock opened at $79.64 on Wednesday. The company has a market capitalization of $98.29 billion, a PE ratio of 14.64 and a beta of 0.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.66. The company has a 50-day simple moving average of $82.43 and a two-hundred day simple moving average of $88.15. Sony Group Co. has a one year low of $75.11 and a one year high of $100.88.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Sony Group had a net margin of 7.95% and a return on equity of 13.05%. The firm had revenue of $23.45 billion for the quarter, compared to the consensus estimate of $18.97 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. Research analysts expect that Sony Group Co. will post 5.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SONY has been the subject of several recent research reports. Oppenheimer restated an “outperform” rating and issued a $108.00 price objective on shares of Sony Group in a report on Monday, February 26th. StockNews.com upgraded shares of Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Sony Group has a consensus rating of “Moderate Buy” and an average price target of $108.00.

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.