Fulton Bank NA bought a new position in Sony Group Co. (NYSE:SONY – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The company purchased 3,781 shares of the company, valued at approximately $288,000.
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Several other hedge funds also changed their positions in SONY. CoreCap Advisors LLC bought a new stake in Sony Group shares in Q2 for a value of around $25,000. Guardian Wealth Advisors LLC acquired a new stake in Sony Group in Q3, valued at approximately $32,000. Motco acquired a new stake in Sony Group in Q3 valued at approximately $36,000. Private Trust Co. NA acquired a new stake in Sony Group in Q2, valued at approximately $51,000. Finally, Hexagon Capital Partners LLC increased its position in the Sony group by 56.3% in the third quarter. Hexagon Capital Partners LLC now owns 919 shares of the company valued at $59,000 after acquiring 331 additional shares during the period. Institutional investors hold 7.74% of the company’s shares.
Performance of Sony Group shares
Shares of NYSE SONY opened at $86.52 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt ratio of 0.23. The stock has a market capitalization of $106.76 billion, a price/earnings ratio of 15.65, a PEG ratio of 2.76 and a beta of 1.06. The stock’s fifty-day simple moving average is $86.98 and its 200-day simple moving average is $78.73. Sony Group Co. has a 52-week low of $61.72 and a 52-week high of $107.52.
Sony Group (NYSE:SONY – Get Rating) last released its results on Thursday, February 2. The company reported earnings per share (EPS) of $1.87 for the quarter, beating analyst consensus estimates of $1.40 by $0.47. The company posted revenue of $24.20 billion for the quarter, versus $25.02 billion expected by analysts. Sony Group achieved a return on equity of 12.77% and a net margin of 8.43%. As a group, sell-side analysts expect Sony Group Co. to post earnings per share of 5.36 for the current fiscal year.
Analysts set new price targets
Several research companies have recently commented on SONY. TheStreet upgraded Sony Group from a “c+” to a “b-” rating in a Monday, December 5 research report. StockNews.com began covering Sony Group in a research report on Thursday. They have set a “holding” rating on the stock. Finally, Cowen raised its price target on Sony Group from $102.00 to $118.00 and gave the company an “outperform” rating in a Friday, February 3 research report. Three analysts gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.00.
Sony Group Company Profile
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Sony Group Corp. engages in the development, design, manufacture and sale of electronic equipment, instruments, appliances, game consoles and software for consumer, professional and industrial markets. It operates through the following segments: games and network services, music, images, home entertainment and sound, imaging products and solutions, mobile communications, semiconductors, financial services and others.
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