Prosperity Consulting Group LLC Has $1.87 Million Holdings in Sony Group Co. (NYSE:SONY)

Prosperity Consulting Group LLC boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 362.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,234 shares of the company's stock after purchasing an additional 69,141 shares during the period. Prosperity Consulting Group LLC's holdings in Sony Group were worth $1,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SONY. Y.D. More Investments Ltd lifted its stake in shares of Sony Group by 400.0% in the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after purchasing an additional 28,852 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Sony Group in the 4th quarter valued at $6,125,000. Fifth Third Bancorp lifted its stake in shares of Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock valued at $3,337,000 after purchasing an additional 119,362 shares during the last quarter. Forum Financial Management LP lifted its stake in shares of Sony Group by 536.0% in the 4th quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock valued at $2,439,000 after purchasing an additional 97,130 shares during the last quarter. Finally, West Family Investments Inc. lifted its stake in shares of Sony Group by 392.9% in the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after purchasing an additional 21,303 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Trading Up 1.1 %

Shares of SONY stock traded up $0.29 on Wednesday, reaching $26.04. 6,359,953 shares of the stock were exchanged, compared to its average volume of 4,223,847. The stock has a market cap of $157.48 billion, a PE ratio of 21.14, a P/E/G ratio of 9.95 and a beta of 0.94. Sony Group Co. has a one year low of $15.02 and a one year high of $26.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock has a 50 day moving average price of $24.18 and a 200 day moving average price of $21.76.

Sony Group (NYSE:SONY - Get Free Report) last released 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. The company had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Equities research analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group started coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.