Castlekeep Investment Advisors LLC Acquires New Position in Sony Group Co. (NYSE:SONY)

Castlekeep Investment Advisors LLC acquired a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,388 shares of the company's stock, valued at approximately $389,000.

A number of other hedge funds have also modified their holdings of SONY. Baird Financial Group Inc. purchased a new position in Sony Group during the fourth quarter worth $206,000. Bayesian Capital Management LP acquired a new position in Sony Group in the 4th quarter valued at about $855,000. Beverly Hills Private Wealth LLC lifted its holdings in Sony Group by 440.7% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 39,118 shares of the company's stock valued at $828,000 after purchasing an additional 31,883 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Sony Group by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock worth $503,713,000 after purchasing an additional 18,821,902 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Sony Group by 415.8% during the fourth quarter. Benjamin Edwards Inc. now owns 21,510 shares of the company's stock worth $455,000 after buying an additional 17,340 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Up 1.0 %

Shares of NYSE:SONY traded up $0.25 during trading on Friday, reaching $24.70. 3,015,320 shares of the stock were exchanged, compared to its average volume of 4,241,631. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $26.08. The firm's 50-day moving average price is $24.22 and its 200 day moving average price is $22.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a market cap of $149.38 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SONY shares. The Goldman Sachs Group assumed coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Oppenheimer restated an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock. Two investment 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Profile

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.