Rise Advisors LLC Purchases 254 Shares of Sony Group Co. (NYSE:SONY)

Rise Advisors LLC boosted its position in Sony Group Co. (NYSE:SONY) by 259.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 352 shares of the company’s stock after acquiring an additional 254 shares during the quarter. Rise Advisors LLC’s holdings in Sony Group were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in Sony Group in the fourth quarter valued at $27,000. Fortitude Family Office LLC bought a new position in Sony Group in the fourth quarter valued at $31,000. Pacific Capital Wealth Advisors Inc. bought a new position in Sony Group in the fourth quarter valued at $34,000. Pinnacle Bancorp Inc. bought a new position in Sony Group in the fourth quarter valued at $39,000. Finally, JFS Wealth Advisors LLC increased its stake in Sony Group by 24.8% in the fourth 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. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 1.5 %

Shares of NYSE:SONY opened at $80.84 on Friday. The stock’s 50-day moving average price is $82.24 and its 200-day moving average price is $88.04. Sony Group Co. has a 12-month low of $75.11 and a 12-month high of $100.88. The stock has a market capitalization of $99.77 billion, a P/E ratio of 14.86 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 0.27.

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. The company had revenue of $23.45 billion for the quarter, compared to analysts’ expectations of $18.97 billion. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. During the same period last year, the firm earned $0.78 earnings per share. On average, equities analysts anticipate that Sony Group Co. will post 5.6 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SONY. StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. Oppenheimer reaffirmed 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.