Sony Group Co. (NYSE:SONY) Shares Bought by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 67.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 624 shares of the company’s stock after purchasing an additional 252 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in Sony Group were worth $59,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Fisher Asset Management LLC grew 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 valued at $602,150,000 after acquiring an additional 342,025 shares during the period. Morgan Stanley grew its position in shares of Sony Group by 0.4% during the 3rd quarter. Morgan Stanley now owns 4,181,880 shares of the company’s stock valued at $344,629,000 after acquiring an additional 15,415 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Sony Group by 26.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock worth $127,338,000 after buying an additional 277,537 shares during the last quarter. Royal Bank of Canada boosted its holdings in Sony Group by 1.0% in the 3rd quarter. Royal Bank of Canada now owns 1,213,293 shares of the company’s stock worth $99,987,000 after buying an additional 12,467 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Sony Group by 7.1% in the 4th quarter. Sei Investments Co. now owns 564,133 shares of the company’s stock worth $53,418,000 after buying an additional 37,268 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Oppenheimer reiterated an “outperform” rating and issued a $108.00 price objective on shares of Sony Group in a report on Monday, February 26th. Finally, StockNews.com upgraded Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $108.00.

Sony Group Price Performance

SONY traded down $0.61 during trading on Tuesday, reaching $85.03. The company’s stock had a trading volume of 779,558 shares, compared to its average volume of 831,674. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $82.59 and a two-hundred day simple moving average of $88.25. Sony Group Co. has a 1 year low of $75.11 and a 1 year high of $100.94. The company has a market cap of $104.95 billion, a price-to-earnings ratio of 15.63 and a beta of 0.95.

Sony Group (NYSE:SONY) last released its earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Sony Group had a net margin of 7.95% and a return on equity of 13.05%. The business had revenue of $23.45 billion for the quarter, compared to analyst estimates of $18.97 billion. During the same period last year, the company posted $0.78 EPS. As a group, analysts anticipate that Sony Group Co. will post 5.61 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.