Callan Capital LLC Takes Position in Sony Group Co. (NYSE:SONY)

Callan Capital LLC bought a new stake in Sony Group Co. (NYSE:SONY) during the 4th quarter, HoldingsChannel reports. The fund bought 2,764 shares of the company’s stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC purchased a new position in Sony Group during the 4th quarter valued at about $27,000. Fortitude Family Office LLC purchased a new position in Sony Group during the 4th quarter worth approximately $31,000. Pinnacle Bancorp Inc. purchased a new position in Sony Group during the 4th quarter worth approximately $39,000. NBC Securities Inc. purchased a new position in Sony Group during the 3rd quarter worth approximately $51,000. Finally, VisionPoint Advisory Group LLC purchased a new position in Sony Group during the 3rd quarter worth approximately $73,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Trading Down 0.1 %

NYSE SONY traded down $0.11 during trading hours on Friday, reaching $82.33. The company had a trading volume of 440,622 shares, compared to its average volume of 771,330. The stock has a 50-day moving average of $85.70 and a 200 day moving average of $88.85. Sony Group Co. has a 1-year low of $79.62 and a 1-year high of $100.94. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $101.61 billion, a P/E ratio of 15.89 and a beta of 0.98.

Sony Group (NYSE:SONY) last posted its earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. The company had revenue of $25.38 billion for the quarter, compared to analysts’ expectations of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. As a group, research analysts anticipate that Sony Group Co. will post 5.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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