Rehmann Capital Advisory Group Acquires 10,073 Shares of Sony Group Co. (NYSE:SONY)

Rehmann Capital Advisory Group grew its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 449.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,314 shares of the company's stock after acquiring an additional 10,073 shares during the quarter. Rehmann Capital Advisory Group's holdings in Sony Group were worth $261,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Silicon Valley Capital Partners increased its holdings in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after buying an additional 927 shares in the last quarter. Capital Analysts LLC grew 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 worth $25,000 after acquiring an additional 936 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group during the fourth quarter valued at approximately $26,000. Fairscale Capital LLC lifted 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 purchasing an additional 992 shares during the period. Finally, General Partner Inc. boosted its holdings in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after purchasing an additional 996 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

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

Sony Group Price Performance

Shares of NYSE SONY traded down $0.03 during mid-day trading on Tuesday, reaching $25.22. The company's stock had a trading volume of 5,293,681 shares, compared to its average volume of 4,273,957. The stock has a fifty day moving average of $24.21 and a two-hundred day moving average of $21.97. The firm has a market capitalization of $152.49 billion, a PE ratio of 20.47, a P/E/G ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $26.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analysts' expectations 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 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.