Jackson Hole Capital Partners LLC Purchases 112,567 Shares of Sony Group Co. (NYSE:SONY)

Jackson Hole Capital Partners LLC grew its position in Sony Group Co. (NYSE:SONY) by 397.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 140,861 shares of the company’s stock after acquiring an additional 112,567 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Sony Group were worth $2,981,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Personal CFO Solutions LLC lifted its holdings in shares of Sony Group by 416.6% in the fourth quarter. Personal CFO Solutions LLC now owns 29,987 shares of the company’s stock worth $635,000 after buying an additional 24,182 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Sony Group by 394.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 68,235 shares of the company’s stock worth $1,444,000 after buying an additional 54,441 shares in the last quarter. Naviter Wealth LLC lifted its holdings in shares of Sony Group by 344.3% in the fourth quarter. Naviter Wealth LLC now owns 138,310 shares of the company’s stock worth $2,927,000 after buying an additional 107,180 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Sony Group by 429.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 267,751 shares of the company’s stock worth $5,666,000 after buying an additional 217,176 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Sony Group during the fourth quarter valued at $3,507,000. 14.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on SONY. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $28.00.

Sony Group Trading Down 1.1 %

Shares of SONY opened at $24.13 on Friday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. The company has a market cap of $145.90 billion, a P/E ratio of 19.58, a P/E/G ratio of 9.95 and a beta of 0.91. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $22.45 and its 200-day simple moving average is $17.43.

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