Beacon Pointe Advisors LLC Has $436,000 Stake in Sony Group Co. (NYSE:SONY)

Beacon Pointe Advisors LLC increased its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 384.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,583 shares of the company's stock after buying an additional 16,331 shares during the period. Beacon Pointe Advisors LLC's holdings in Sony Group were worth $436,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SONY. Silicon Valley Capital Partners increased its position in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after purchasing an additional 927 shares during the period. Capital Analysts LLC increased its position 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 in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Sony Group during the fourth quarter valued at about $26,000. Fairscale Capital LLC raised its holdings in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after purchasing an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC raised its position in Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after acquiring an additional 1,104 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Wall Street Analyst Weigh In

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

Sony Group Price Performance

Shares of Sony Group stock traded down $0.03 on Tuesday, hitting $25.22. The company's stock had a trading volume of 5,293,681 shares, compared to its average volume of 4,276,236. The company has a market capitalization of $152.49 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $26.08. The firm has a fifty day moving average price of $24.21 and a 200-day moving average price of $21.99.

Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, equities research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal 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.