MGO One Seven LLC Boosts Stock Holdings in Sony Group Co. (NYSE:SONY)

MGO One Seven LLC grew its stake in Sony Group Co. (NYSE:SONY - Free Report) by 608.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,897 shares of the company's stock after buying an additional 26,536 shares during the period. MGO One Seven LLC's holdings in Sony Group were worth $654,000 at the end of the most recent reporting period.

A number of other institutional investors have 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 4th 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 in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Sony Group in the fourth quarter worth $26,000. Fairscale Capital LLC boosted its position in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after buying an additional 992 shares during the period. General Partner Inc. grew its stake in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after buying an additional 996 shares during the last quarter. Finally, Accent Capital Management LLC lifted 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 valued at $29,000 after purchasing an additional 1,104 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Group Stock Performance

NYSE:SONY traded down $0.04 on Friday, hitting $25.25. The stock had a trading volume of 3,598,277 shares, compared to its average volume of 4,243,565. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $26.08. The stock has a market cap of $152.67 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The business's 50-day simple moving average is $24.21 and its two-hundred day simple moving average is $21.83.

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 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 business had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. As a group, research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SONY. Oppenheimer restated an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock. StockNews.com cut 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 report on Monday, April 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Company 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.