Jones Financial Companies Lllp Acquires 22,543 Shares of Sony Group Co. (NYSE:SONY)

Jones Financial Companies Lllp grew its holdings in Sony Group Co. (NYSE:SONY) by 283.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,499 shares of the company’s stock after acquiring an additional 22,543 shares during the quarter. Jones Financial Companies Lllp’s holdings in Sony Group were worth $645,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. SRS Capital Advisors Inc. boosted its position in shares of Sony Group by 618.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 5,651 shares of the company’s stock valued at $120,000 after acquiring an additional 4,864 shares during the period. Bailard Inc. boosted its position in shares of Sony Group by 289.4% in the fourth quarter. Bailard Inc. now owns 162,212 shares of the company’s stock valued at $3,432,000 after acquiring an additional 120,552 shares during the period. Norden Group LLC boosted its position in shares of Sony Group by 530.6% in the fourth quarter. Norden Group LLC now owns 37,370 shares of the company’s stock valued at $791,000 after acquiring an additional 31,444 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Sony Group by 568.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 32,727 shares of the company’s stock valued at $694,000 after acquiring an additional 27,828 shares during the period. Finally, Cape Investment Advisory Inc. boosted its position in shares of Sony Group by 336.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 4,600 shares of the company’s stock valued at $97,000 after acquiring an additional 3,545 shares during the period. Institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Trading Down 1.1 %

SONY opened at $24.13 on Monday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. The company has a 50-day simple moving average of $22.45 and a 200 day simple moving average of $17.52. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $145.90 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last posted its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Sony Group Company Profile

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.