SG Americas Securities LLC Has $286,000 Stock Position in Sony Group Co. (NYSE:SONY)

SG Americas Securities LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY – Get Rating) by 45.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,744 shares of the company’s stock after acquiring an additional 1,164 shares during the period. SG Americas Securities LLC’s holdings in Sony Group were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SONY. Fisher Asset Management LLC grew its holdings in shares of Sony Group by 1,876.1% during the third quarter. Fisher Asset Management LLC now owns 4,743,413 shares of the company’s stock valued at $303,816,000 after buying an additional 4,503,375 shares during the last quarter. OLD Mission Capital LLC acquired a new position in shares of Sony Group during the third quarter valued at about $38,606,000. BlackRock Inc. boosted its holdings in Sony Group by 14.2% during the third quarter. BlackRock Inc. now owns 1,459,119 shares of the company’s stock worth $93,456,000 after purchasing an additional 181,826 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Sony Group by 64.3% during the third quarter. Renaissance Technologies LLC now owns 410,800 shares of the company’s stock worth $26,312,000 after purchasing an additional 160,779 shares during the last quarter. Finally, Beaumont Financial Advisors LLC purchased a new position in Sony Group during the fourth quarter worth about $10,336,000. 7.74% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Down 1.5 %

SONY opened at $92.44 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.62 and a debt-to-equity ratio of 0.24. The stock has a market cap of $114.07 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 3.33 and a beta of 1.06. Sony Group Co. has a twelve month low of $61.72 and a twelve month high of $95.70. The company’s 50-day moving average price is $88.96 and its two-hundred day moving average price is $84.05.

Sony Group (NYSE:SONY – Get Rating) last released its earnings results on Friday, April 28th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.22. The firm had revenue of $23.17 billion for the quarter, compared to analysts’ expectations of $22.99 billion. Sony Group had a net margin of 8.08% and a return on equity of 13.43%. As a group, equities analysts expect that Sony Group Co. will post 5.97 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on SONY shares. StockNews.com started coverage on shares of Sony Group in a report on Thursday, March 16th. They set a “hold” rating on the stock. Cowen boosted their price target on shares of Sony Group from $102.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $115.00.

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.