Addison Advisors LLC Raises Stake in Sony Group Co. (NYSE:SONY)

Addison Advisors LLC lifted its position in shares of Sony Group Co. (NYSE:SONY) by 11.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,097 shares of the company’s stock after purchasing an additional 215 shares during the quarter. Addison Advisors LLC’s holdings in Sony Group were worth $199,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SONY. Gallacher Capital Management LLC boosted its holdings in Sony Group by 3.9% in the 3rd quarter. Gallacher Capital Management LLC now owns 3,215 shares of the company’s stock worth $265,000 after acquiring an additional 121 shares during the period. Contravisory Investment Management Inc. boosted its holdings in Sony Group by 6.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,979 shares of the company’s stock worth $187,000 after acquiring an additional 127 shares during the period. Brighton Jones LLC boosted its holdings in Sony Group by 4.1% in the 3rd quarter. Brighton Jones LLC now owns 3,308 shares of the company’s stock worth $273,000 after acquiring an additional 129 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Sony Group by 2.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 5,808 shares of the company’s stock worth $479,000 after acquiring an additional 132 shares during the period. Finally, PDS Planning Inc boosted its holdings in Sony Group by 2.3% in the 4th quarter. PDS Planning Inc now owns 6,231 shares of the company’s stock worth $590,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 0.1 %

Shares of SONY traded down $0.11 during trading on Friday, reaching $82.33. The company’s stock had a trading volume of 440,632 shares, compared to its average volume of 572,522. The company has a fifty day moving average of $85.70 and a two-hundred day moving average of $88.85. Sony Group Co. has a twelve month low of $79.62 and a twelve month high of $100.94. The company has a market cap of $101.61 billion, a price-to-earnings ratio of 15.89 and a beta of 0.98. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.32. The business had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. On average, sell-side analysts predict that Sony Group Co. will post 5.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SONY shares. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Oppenheimer restated an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a report on Monday, February 26th. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Finally, TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

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.