Everpar Advisors LLC Purchases New Stake in Sony Group Co. (NYSE:SONY)

Everpar Advisors LLC acquired a new position in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,574 shares of the company’s stock, valued at approximately $907,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC raised its position in shares of Sony Group by 5.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,359,171 shares of the company’s stock worth $602,150,000 after purchasing an additional 342,025 shares during the period. Envestnet Asset Management Inc. lifted its stake in Sony Group by 39.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,067,247 shares of the company’s stock valued at $87,952,000 after buying an additional 299,300 shares during the last quarter. Natixis Advisors L.P. lifted its stake in Sony Group by 77.6% in the fourth quarter. Natixis Advisors L.P. now owns 315,680 shares of the company’s stock valued at $29,891,000 after buying an additional 137,963 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in shares of Sony Group by 30.0% during the third quarter. Alberta Investment Management Corp now owns 260,000 shares of the company’s stock valued at $21,427,000 after acquiring an additional 60,000 shares during the period. Finally, Rovida Advisors Inc. bought a new position in shares of Sony Group during the third quarter worth about $4,433,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of NYSE:SONY traded down $3.29 during trading on Wednesday, reaching $78.36. The company had a trading volume of 1,715,170 shares, compared to its average volume of 772,353. The firm’s fifty day moving average is $85.14 and its 200 day moving average is $88.83. The firm has a market capitalization of $96.71 billion, a PE ratio of 15.20 and a beta of 0.95. Sony Group Co. has a twelve month low of $77.66 and a twelve month high of $100.94. 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 (NYSE:SONY) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. The company had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. On average, equities analysts forecast that Sony Group Co. will post 5.22 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on SONY. Oppenheimer reissued an “outperform” rating and set a $108.00 target price 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 research report on Thursday, January 11th. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Finally, Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $108.00.

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.