Ieq Capital LLC Purchases 26,419 Shares of Sony Group Co. (NYSE:SONY)

Ieq Capital LLC raised its position in shares of Sony Group Co. (NYSE:SONY) by 411.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,837 shares of the company’s stock after acquiring an additional 26,419 shares during the period. Ieq Capital LLC’s holdings in Sony Group were worth $695,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Silicon Valley Capital Partners lifted its position in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after buying an additional 927 shares in the last quarter. General Partner Inc. raised its stake in shares of Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after acquiring an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Sony Group during the fourth quarter worth approximately $26,000. Hilltop National Bank grew its stake in shares of Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after purchasing an additional 1,204 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $28.00.

Sony Group Trading Up 1.1 %

Shares of NYSE SONY opened at $25.08 on Wednesday. The company’s 50 day simple moving average is $21.88 and its 200 day simple moving average is $16.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.29. The firm has a market capitalization of $151.65 billion, a P/E ratio of 20.35, a P/E/G ratio of 9.95 and a beta of 0.96.

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