FourThought Financial LLC Has $470,000 Holdings in Sony Group Co. (NYSE:SONY)

FourThought Financial LLC lessened its holdings in Sony Group Co. (NYSE:SONY – Get Rating) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,334 shares of the company’s stock after selling 667 shares during the period. FourThought Financial LLC’s holdings in Sony Group were worth $470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. CoreCap Advisors LLC acquired a new position in Sony Group during the 2nd quarter worth $25,000. Guardian Wealth Advisors LLC acquired a new position in Sony Group during the 3rd quarter worth $32,000. Motco acquired a new position in Sony Group during the 3rd quarter worth $36,000. Private Trust Co. NA acquired a new position in Sony Group during the 2nd quarter worth $51,000. Finally, Hexagon Capital Partners LLC lifted its position in Sony Group by 56.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 919 shares of the company’s stock worth $59,000 after acquiring an additional 331 shares during the last quarter. Institutional investors and hedge funds own 7.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SONY. Cowen boosted their target price on shares of Sony Group from $102.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a report on Monday, December 5th. Finally, StockNews.com began coverage on shares of Sony Group in a report on Thursday. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.00.

Sony Group Stock Performance

NYSE SONY opened at $86.39 on Friday. The stock has a market cap of $106.60 billion, a P/E ratio of 15.62, a PEG ratio of 2.73 and a beta of 1.06. The company’s 50-day simple moving average is $86.87 and its 200 day simple moving average is $78.71. Sony Group Co. has a twelve month low of $61.72 and a twelve month high of $107.52. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.23.

Sony Group (NYSE:SONY – Get Rating) last posted its earnings results on Thursday, February 2nd. The company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.47. The business had revenue of $24.20 billion for the quarter, compared to analysts’ expectations of $25.02 billion. Sony Group had a net margin of 8.43% and a return on equity of 12.77%. As a group, research analysts forecast that Sony Group Co. will post 5.29 earnings per share for the current fiscal year.

About Sony Group

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Sony Group Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and Others.