Aquatic Capital Management LLC Makes New $1.20 Million Investment in Sony Group Co. (NYSE:SONY)

Aquatic Capital Management LLC bought a new position in Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 56,574 shares of the company's stock, valued at approximately $1,197,000.

Other institutional investors have also modified their holdings of the company. Silicon Valley Capital Partners raised its position in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after purchasing an additional 927 shares during the period. Capital Analysts LLC raised its holdings in Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after buying an additional 936 shares during the period. General Partner Inc. lifted its position in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after buying an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Sony Group during the fourth quarter worth about $26,000. Finally, Fairscale Capital LLC increased its position in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SONY shares. StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Oppenheimer restated an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, The Goldman Sachs Group began coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating on the stock. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Stock Up 0.1 %

NYSE SONY traded up $0.03 during trading hours on Friday, hitting $25.31. 6,863,657 shares of the company were exchanged, compared to its average volume of 4,260,135. The company has a 50 day moving average of $24.21 and a two-hundred day moving average of $21.88. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market cap of $153.07 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $26.08.

Sony Group (NYSE:SONY - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. Equities research analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current year.

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.