Sony Group Co. (NYSE:SONY) Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 333.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 307,017 shares of the company’s stock after buying an additional 236,221 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Sony Group were worth $6,496,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SONY. International Assets Investment Management LLC acquired a new stake in shares of Sony Group during the third quarter worth about $1,418,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Sony Group by 68.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,214 shares of the company’s stock worth $1,855,000 after buying an additional 7,781 shares during the period. Diversify Advisory Services LLC boosted its stake in shares of Sony Group by 348.5% during the third quarter. Diversify Advisory Services LLC now owns 19,214 shares of the company’s stock worth $1,855,000 after buying an additional 14,930 shares during the period. Diversify Wealth Management LLC lifted its position in Sony Group by 511.4% in the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after purchasing an additional 42,156 shares during the period. Finally, US Bancorp DE lifted its position in Sony Group by 9.8% in the third quarter. US Bancorp DE now owns 127,457 shares of the company’s stock valued at $12,309,000 after purchasing an additional 11,375 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Trading Down 0.5 %

Shares of Sony Group stock opened at $24.81 on Friday. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.29. 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 stock has a market cap of $150.01 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. The company has a 50-day moving average of $21.74 and a two-hundred day moving average of $15.95.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SONY. Oppenheimer restated an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. Four analysts have rated the stock with a buy rating and one has given 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.

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.