Sony Group Co. (NYSE:SONY) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its stake in Sony Group Co. (NYSE:SONY) by 397.2% during the 4th quarter, HoldingsChannel reports. The fund owned 23,016 shares of the company’s stock after buying an additional 18,387 shares during the period. First Horizon Advisors Inc.’s holdings in Sony Group were worth $487,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners raised its holdings in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after acquiring an additional 927 shares in the last quarter. General Partner Inc. raised its holdings in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Sony Group in the fourth quarter valued at $26,000. Hilltop National Bank increased its stake in Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after purchasing an additional 1,204 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. Finally, Oppenheimer reiterated an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Sony Group has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Up 0.1 %

Sony Group stock opened at $24.82 on Tuesday. The company has a 50-day simple moving average of $21.81 and a 200-day simple moving average of $16.19. The firm has a market capitalization of $150.07 billion, a P/E ratio of 20.14, a P/E/G ratio of 9.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a one year low of $15.02 and a one year high of $25.29.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, equities analysts expect that Sony Group Co. will post 1.23 earnings per share 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.