Lido Advisors LLC Purchases 20,350 Shares of Sony Group Co. (NYSE:SONY)

Lido Advisors LLC increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,428 shares of the company's stock after acquiring an additional 20,350 shares during the period. Lido Advisors LLC's holdings in Sony Group were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Sony Group in the third quarter worth $287,000. Tidal Investments LLC bought a new stake in shares of Sony Group in the 3rd quarter valued at $244,000. Versant Capital Management Inc bought a new position in Sony Group during the fourth quarter worth $46,000. GAMMA Investing LLC lifted its holdings in Sony Group by 476.9% in the fourth quarter. GAMMA Investing LLC now owns 32,138 shares of the company's stock valued at $680,000 after buying an additional 26,567 shares during the period. Finally, Doliver Advisors LP grew its holdings in Sony Group by 397.3% during the 4th quarter. Doliver Advisors LP now owns 83,730 shares of the company's stock worth $1,772,000 after acquiring an additional 66,894 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Wall Street Analyst Weigh In

SONY has been the subject of several recent analyst reports. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Oppenheimer restated an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sony Group presently has an average rating of "Moderate Buy" and an average price target of $28.00.

Sony Group Trading Down 1.0 %

Shares of SONY traded down $0.25 during mid-day trading on Wednesday, hitting $24.98. 4,843,681 shares of the company's stock traded hands, compared to its average volume of 4,276,708. The business's 50-day moving average price is $24.21 and its 200-day moving average price is $22.02. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $26.08. The firm has a market capitalization of $151.05 billion, a P/E ratio of 20.27, a PEG 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 (NYSE:SONY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, sell-side analysts forecast 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.