82,600 Shares in Sony Group Co. (NYSE:SONY) Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Sony Group Co. (NYSE:SONY – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 82,600 shares of the company’s stock, valued at approximately $5,291,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SONY. CoreCap Advisors LLC bought a new position in Sony Group in the second quarter worth approximately $25,000. Guardian Wealth Advisors LLC bought a new position in Sony Group in the third quarter worth approximately $32,000. Motco bought a new position in Sony Group in the third quarter worth approximately $36,000. Private Trust Co. NA acquired a new position in shares of Sony Group during the second quarter worth $51,000. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Sony Group by 56.3% during the third quarter. Hexagon Capital Partners LLC now owns 919 shares of the company’s stock valued at $59,000 after buying an additional 331 shares during the last quarter. Institutional investors own 7.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SONY. StockNews.com started coverage on shares of Sony Group in a research report on Thursday. They issued a “hold” rating for the company. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Monday, December 5th. Finally, Cowen increased their price target on shares of Sony Group from $102.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $115.00.

Sony Group Trading Up 0.2 %

Shares of Sony Group stock opened at $86.52 on Friday. Sony Group Co. has a 1 year low of $61.72 and a 1 year high of $107.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.45 and a current ratio of 0.61. The company has a market capitalization of $106.76 billion, a P/E ratio of 15.65, a PEG ratio of 2.67 and a beta of 1.06. The company’s fifty day moving average is $86.98 and its two-hundred day moving average is $78.73.

Sony Group (NYSE:SONY – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.47. The firm had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $25.02 billion. Sony Group had a net margin of 8.43% and a return on equity of 12.77%. Analysts forecast that Sony Group Co. will post 5.29 earnings per share for the current year.

About Sony Group

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Sony Group Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and Others.