Sony Group Co. (NYSE:SONY) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 409.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,069 shares of the company's stock after acquiring an additional 183,270 shares during the period. Cetera Investment Advisers' holdings in Sony Group were worth $4,826,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SONY. Silicon Valley Capital Partners boosted its stake 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 valued at $25,000 after purchasing an additional 927 shares during the period. Capital Analysts LLC boosted its stake in shares of Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after purchasing an additional 936 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group in the fourth quarter valued at $26,000. Fairscale Capital LLC boosted its stake 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 period. Finally, Accent Capital Management LLC boosted its stake in shares of Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Down 0.8%

NYSE SONY traded down $0.20 during trading hours on Friday, reaching $24.67. 4,068,258 shares of the company traded hands, compared to its average volume of 4,249,091. Sony Group Co. has a 12 month low of $15.67 and a 12 month high of $26.08. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $149.18 billion, a PE ratio of 20.02, a PEG ratio of 9.95 and a beta of 0.97. The company has a 50 day moving average of $24.32 and a two-hundred day moving average of $22.38.

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, topping analysts' consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. As a group, equities analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating for the company. Oppenheimer restated an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Finally, StockNews.com upgraded shares of Sony Group from a "hold" rating to a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $28.00.

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.