Sage Rhino Capital LLC Has $455,000 Position in Sony Group Co. (NYSE:SONY)

Sage Rhino Capital LLC boosted its holdings in Sony Group Co. (NYSE:SONY) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,808 shares of the company’s stock after purchasing an additional 235 shares during the quarter. Sage Rhino Capital LLC’s holdings in Sony Group were worth $455,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Gallacher Capital Management LLC boosted its holdings in shares of Sony Group by 3.9% in the 3rd quarter. Gallacher Capital Management LLC now owns 3,215 shares of the company’s stock worth $265,000 after buying an additional 121 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Sony Group by 6.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 1,979 shares of the company’s stock worth $187,000 after purchasing an additional 127 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Sony Group by 4.1% during the third quarter. Brighton Jones LLC now owns 3,308 shares of the company’s stock worth $273,000 after purchasing an additional 129 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Sony Group by 2.3% in the third quarter. Valeo Financial Advisors LLC now owns 5,808 shares of the company’s stock worth $479,000 after buying an additional 132 shares in the last quarter. Finally, PDS Planning Inc boosted its stake in Sony Group by 2.3% in the fourth quarter. PDS Planning Inc now owns 6,231 shares of the company’s stock worth $590,000 after buying an additional 138 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analysts Set New Price Targets

SONY has been the subject of a number of analyst reports. Oppenheimer reissued an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Macquarie downgraded Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Sony Group Stock Performance

Shares of NYSE SONY traded down $0.39 during trading on Tuesday, hitting $82.60. The company had a trading volume of 464,263 shares, compared to its average volume of 766,873. The stock has a 50 day simple moving average of $85.48 and a 200 day simple moving average of $88.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. Sony Group Co. has a 12 month low of $79.62 and a 12 month high of $100.94. The firm has a market capitalization of $101.95 billion, a P/E ratio of 15.95 and a beta of 0.98.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. The company had revenue of $25.38 billion for the quarter, compared to analysts’ expectations of $24.31 billion. As a group, analysts anticipate that Sony Group Co. will post 5.21 earnings per share 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.