Silvercrest Asset Management Group LLC Buys 382,955 Shares of Sony Group Co. (NYSE:SONY)

Silvercrest Asset Management Group LLC raised its holdings in Sony Group Co. (NYSE:SONY) by 379.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 483,917 shares of the company’s stock after purchasing an additional 382,955 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Sony Group were worth $10,240,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. FCA Corp TX raised its position in Sony Group by 22.5% in the 4th quarter. FCA Corp TX now owns 4,900 shares of the company’s stock valued at $104,000 after purchasing an additional 900 shares during the last quarter. Silicon Valley Capital Partners raised its position in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. Capital Analysts LLC raised its position in Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after purchasing an additional 936 shares during the last quarter. Fairscale Capital LLC raised its position in Sony Group by 400.0% in the 4th 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 last quarter. Finally, Accent Capital Management LLC raised its position in Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after purchasing an additional 1,104 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Trading Down 0.8%

SONY stock opened at $24.67 on Friday. The company has a market cap of $149.18 billion, a P/E ratio of 20.02, a PEG ratio of 9.95 and a beta of 0.97. Sony Group Co. has a twelve month low of $15.67 and a twelve month high of $26.08. 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 business has a fifty day moving average of $24.32 and a 200-day moving average of $22.38.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $2,995.71 billion. As a group, equities research analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SONY shares. StockNews.com upgraded Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Oppenheimer restated an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. The Goldman Sachs Group assumed coverage on Sony Group in a research report on Tuesday, March 25th. They set a “buy” rating for the company. Finally, Wolfe Research restated a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sony Group has an average rating of “Buy” and an average price target of $28.00.

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.