Sony Group Co. (NYSE:SONY) Shares Purchased by Harbour Investments Inc.

Harbour Investments Inc. raised its stake in Sony Group Co. (NYSE:SONY) by 355.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,699 shares of the company’s stock after acquiring an additional 1,326 shares during the quarter. Harbour Investments Inc.’s holdings in Sony Group were worth $36,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Silicon Valley Capital Partners boosted its holdings in Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after buying an additional 927 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Sony Group in the fourth quarter worth about $26,000. Fairscale Capital LLC boosted its stake in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after acquiring an additional 992 shares in the last quarter. General Partner Inc. grew its position in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Sony Group by 106.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after purchasing an additional 716 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SONY shares. 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 report on Thursday, February 20th. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Price Performance

NYSE:SONY opened at $25.25 on Tuesday. The firm has a market cap of $152.72 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The stock has a 50 day moving average of $23.18 and a two-hundred day moving average of $19.11. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.64. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. On average, analysts expect that Sony Group Co. will post 1.23 earnings per share 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.