Farther Finance Advisors LLC Has $251,000 Stock Holdings in Sony Group Co. (NYSE:SONY)

Farther Finance Advisors LLC grew its position in shares of Sony Group Co. (NYSE:SONY) by 190.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,844 shares of the company’s stock after purchasing an additional 7,773 shares during the period. Farther Finance Advisors LLC’s holdings in Sony Group were worth $251,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in shares of Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after acquiring an additional 36,783,737 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Sony Group in the fourth quarter worth approximately $36,964,000. Cardinal Capital Management Inc. lifted its stake in shares of Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after acquiring an additional 1,287,259 shares during the period. Cambiar Investors LLC lifted its stake in shares of Sony Group by 548.9% in the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock worth $22,414,000 after acquiring an additional 896,013 shares during the period. Finally, XY Capital Ltd lifted its stake in shares of Sony Group by 1,850.5% in the fourth quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock worth $19,478,000 after acquiring an additional 873,339 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SONY. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $28.00.

Sony Group Trading Up 0.2 %

Shares of SONY stock opened at $24.56 on Wednesday. The company has a market cap of $148.55 billion, a P/E ratio of 19.94, a PEG ratio of 9.95 and a beta of 0.91. The stock has a 50 day simple moving average of $22.81 and a two-hundred day simple moving average of $18.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64.

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

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.