12,861 Shares in Sony Group Co. (NYSE:SONY) Purchased by NorthRock Partners LLC

NorthRock Partners LLC purchased a new position in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,861 shares of the company’s stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SONY. Grassi Investment Management grew its stake in Sony Group by 302.0% during the 4th quarter. Grassi Investment Management now owns 20,000 shares of the company’s stock worth $423,000 after buying an additional 15,025 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Sony Group by 400.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after acquiring an additional 1,204 shares during the period. Procyon Advisors LLC boosted its position in Sony Group by 411.0% during the 4th quarter. Procyon Advisors LLC now owns 37,734 shares of the company’s stock worth $798,000 after acquiring an additional 30,350 shares during the period. Boston Common Asset Management LLC lifted its holdings in shares of Sony Group by 362.3% in the fourth quarter. Boston Common Asset Management LLC now owns 228,961 shares of the company’s stock valued at $4,845,000 after buying an additional 179,438 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of Sony Group by 345.6% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 2,901 shares of the company’s stock valued at $61,000 after buying an additional 2,250 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

SONY stock opened at $24.67 on Friday. The business’s 50-day moving average price is $24.32 and its two-hundred day moving average price is $22.38. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market cap of $149.18 billion, a PE ratio of 20.02, a P/E/G ratio of 9.95 and a beta of 0.97. Sony Group Co. has a 1-year low of $15.67 and a 1-year high of $26.08.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.09. The firm had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $2,995.71 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

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