Tower Research Capital LLC TRC Purchases 32,272 Shares of Sony Group Co. (NYSE:SONY)

Tower Research Capital LLC TRC increased its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 585.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,781 shares of the company's stock after acquiring an additional 32,272 shares during the period. Tower Research Capital LLC TRC's holdings in Sony Group were worth $799,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Silicon Valley Capital Partners raised its stake in 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 buying an additional 927 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Sony Group during the 4th quarter worth approximately $26,000. Fairscale Capital LLC raised its stake in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares in the last quarter. General Partner Inc. raised 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 purchasing an additional 996 shares in the last quarter. Finally, Accent Capital Management LLC raised its stake 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 purchasing an additional 1,104 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Sony Group Price Performance

Shares of SONY traded up $0.47 during trading hours on Tuesday, hitting $25.75. 7,295,079 shares of the company were exchanged, compared to its average volume of 4,207,638. The company has a market cap of $155.73 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 9.95 and a beta of 0.94. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $26.10. 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 firm's fifty day moving average is $24.18 and its 200 day moving average is $21.76.

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 for the quarter, beating the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, equities analysts anticipate that Sony Group Co. will post 1.23 earnings per share 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.