Pacific Capital Wealth Advisors Inc. Takes $34,000 Position in Sony Group Co. (NYSE:SONY)

Pacific Capital Wealth Advisors Inc. purchased a new position in Sony Group Co. (NYSE:SONY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 362 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in shares of Sony Group by 5.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,359,171 shares of the company’s stock worth $602,150,000 after buying an additional 342,025 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Sony Group by 39.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,067,247 shares of the company’s stock valued at $87,952,000 after acquiring an additional 299,300 shares during the period. Natixis Advisors L.P. boosted its stake in shares of Sony Group by 77.6% in the 4th quarter. Natixis Advisors L.P. now owns 315,680 shares of the company’s stock valued at $29,891,000 after purchasing an additional 137,963 shares in the last quarter. Alberta Investment Management Corp boosted its stake in shares of Sony Group by 30.0% in the 3rd quarter. Alberta Investment Management Corp now owns 260,000 shares of the company’s stock valued at $21,427,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Rovida Advisors Inc. bought a new stake in shares of Sony Group in the 3rd quarter worth about $4,433,000. Institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SONY. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, Oppenheimer reissued an “outperform” rating and issued a $108.00 price objective on shares of Sony Group in a research note on Monday, February 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Sony Group Trading Down 3.8 %

Shares of NYSE SONY traded down $3.19 during midday trading on Tuesday, hitting $81.65. The stock had a trading volume of 945,554 shares, compared to its average volume of 761,648. The firm has a market cap of $100.77 billion, a P/E ratio of 15.81 and a beta of 0.95. Sony Group Co. has a fifty-two week low of $79.62 and a fifty-two week high of $100.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. The company’s 50-day simple moving average is $85.22 and its 200 day simple moving average is $88.85.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. The firm had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. Research analysts anticipate that Sony Group Co. will post 5.22 EPS for the current 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.