Sony Group Co. (NYSE:SONY) Shares Acquired by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC lifted its holdings in Sony Group Co. (NYSE:SONY) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,119 shares of the company’s stock after acquiring an additional 333 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Sony Group were worth $7,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC acquired a new stake in Sony Group during the fourth quarter valued at $27,000. KB Financial Partners LLC purchased a new position in Sony Group during the first quarter valued at $29,000. Fortitude Family Office LLC purchased a new position in Sony Group during the fourth quarter valued at $31,000. Pinnacle Bancorp Inc. purchased a new position in Sony Group during the fourth quarter valued at $39,000. Finally, Resurgent Financial Advisors LLC purchased a new position in Sony Group during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Trading Down 0.1 %

Shares of SONY traded down $0.09 during trading on Friday, reaching $83.97. 777,358 shares of the company traded hands, compared to its average volume of 790,199. Sony Group Co. has a twelve month low of $79.62 and a twelve month high of $100.94. The stock has a market cap of $103.64 billion, a PE ratio of 16.21 and a beta of 0.98. The stock has a 50-day simple moving average of $88.26 and a 200-day simple moving average of $88.87. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. The firm had revenue of $25.38 billion during the quarter, compared to analysts’ expectations of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. On average, analysts anticipate that Sony Group Co. will post 5.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SONY shares. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday. Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Oppenheimer reissued an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a research note on Monday, February 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $108.00.

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.