Compass Wealth Management LLC Takes Position in Sony Group Co. (NYSE:SONY)

Compass Wealth Management LLC purchased a new position in Sony Group Co. (NYSE:SONY) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 900 shares of the company’s stock, valued at approximately $77,000.

A number of other large investors also recently added to or reduced their stakes in the stock. CVA Family Office LLC acquired a new stake in shares of Sony Group in the fourth quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new position in Sony Group in the 4th quarter valued at $31,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in Sony Group during the 4th quarter valued at about $34,000. Pinnacle Bancorp Inc. purchased a new stake in Sony Group during the 4th quarter valued at about $39,000. Finally, JFS Wealth Advisors LLC raised its holdings in Sony Group by 24.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after acquiring an additional 108 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SONY has been the topic of several recent research reports. StockNews.com upgraded Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Oppenheimer reissued an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $108.00.

Sony Group Stock Performance

Sony Group stock opened at $79.63 on Thursday. The firm has a 50 day simple moving average of $82.33 and a 200-day simple moving average of $88.10. The stock has a market cap of $98.28 billion, a price-to-earnings ratio of 14.64 and a beta of 0.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.66 and a quick ratio of 0.52. Sony Group Co. has a 1-year low of $75.11 and a 1-year high of $100.88.

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

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.