SRS Capital Advisors Inc. Has $120,000 Stock Position in Sony Group Co. (NYSE:SONY)

SRS Capital Advisors Inc. raised its position in Sony Group Co. (NYSE:SONY) by 618.0% in the fourth quarter, HoldingsChannel reports. The fund owned 5,651 shares of the company’s stock after purchasing an additional 4,864 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Sony Group were worth $120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fisher Asset Management LLC grew its position in Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock valued at $961,089,000 after purchasing an additional 36,783,737 shares during the period. Cardinal Capital Management Inc. grew its holdings in shares of Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after buying an additional 1,287,259 shares during the last quarter. Cambiar Investors LLC increased its position in shares of Sony Group by 548.9% during the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock worth $22,414,000 after acquiring an additional 896,013 shares in the last quarter. XY Capital Ltd raised its holdings in shares of Sony Group by 1,850.5% in the 4th quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock worth $19,478,000 after acquiring an additional 873,339 shares during the last quarter. Finally, Pictet North America Advisors SA lifted its position in Sony Group by 333.4% in the 4th quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock valued at $22,375,000 after acquiring an additional 813,429 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 0.6 %

NYSE:SONY opened at $24.33 on Thursday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.64. The firm has a 50-day moving average price of $22.33 and a two-hundred day moving average price of $17.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a market cap of $147.11 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96.

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

Analyst Ratings Changes

A number of analysts have commented on the company. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Oppenheimer reiterated an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sony Group presently has an average rating of “Buy” and an average target price of $28.00.

Sony Group 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.