Forum Financial Management LP Acquires 97,130 Shares of Sony Group Co. (NYSE:SONY)

Forum Financial Management LP increased its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 536.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,250 shares of the company's stock after purchasing an additional 97,130 shares during the quarter. Forum Financial Management LP's holdings in Sony Group were worth $2,439,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Silicon Valley Capital Partners increased its holdings in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after acquiring an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group in the fourth quarter valued at about $26,000. Fairscale Capital LLC raised its position 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. General Partner Inc. lifted its stake in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after buying an additional 996 shares during the last quarter. Finally, Accent Capital Management LLC boosted its holdings in shares of Sony Group by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after buying an additional 1,104 shares during the period. Institutional investors own 14.05% of the company's stock.

Wall Street Analyst Weigh In

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

Sony Group Trading Up 0.5 %

NYSE:SONY traded up $0.12 on Thursday, reaching $25.01. 1,502,480 shares of the stock traded hands, compared to its average volume of 5,090,636. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.78. The company's 50 day moving average is $24.12 and its 200-day moving average is $21.57. The firm has a market capitalization of $151.22 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results 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. Equities research analysts anticipate that Sony Group Co. will post 1.23 EPS for the current fiscal year.

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.