Teachers Retirement System of The State of Kentucky Purchases Shares of 82,600 Sony Group Co. (NYSE:SONY)

Teachers Retirement System of The State of Kentucky acquired a new position in Sony Group Co. (NYSE:SONY – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 82,600 shares of the company’s stock, valued at approximately $5,291,000.

Several other hedge funds and other institutional investors have also modified their holdings of SONY. CoreCap Advisors LLC acquired a new stake in shares of Sony Group in the second quarter worth $25,000. Guardian Wealth Advisors LLC acquired a new stake in shares of Sony Group in the third quarter worth $32,000. Motco acquired a new stake in shares of Sony Group in the third quarter worth $36,000. Private Trust Co. NA acquired a new stake in shares of Sony Group in the second quarter worth $51,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of Sony Group by 56.3% in the third 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 Analyst Weigh In

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

Sony Group Stock Up 0.2 %

Shares of NYSE SONY opened at $86.52 on Friday. The business has a fifty day moving average of $86.98 and a two-hundred day moving average of $78.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.45 and a current ratio of 0.61. Sony Group Co. has a 52-week low of $61.72 and a 52-week high of $107.52. The stock has a market cap of $106.76 billion, a PE ratio of 15.65, a PEG ratio of 2.67 and a beta of 1.06.

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

Sony Group Profile

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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.