Perigon Wealth Management LLC Takes Position in Sony Group Co. (NYSE:SONY)

Perigon Wealth Management LLC acquired a new stake in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 2,487 shares of the company’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in shares of Sony Group during the 4th quarter valued at $27,000. KB Financial Partners LLC purchased a new stake in shares of Sony Group during the 1st quarter valued at $29,000. Fortitude Family Office LLC purchased a new stake in shares of Sony Group during the 4th quarter valued at $31,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Sony Group during the 4th quarter valued at $39,000. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of Sony Group during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Oppenheimer restated an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a research report on Monday, February 26th. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Macquarie lowered shares of Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Sony Group Price Performance

Shares of Sony Group stock opened at $81.61 on Thursday. The firm has a market cap of $100.72 billion, a PE ratio of 15.75 and a beta of 0.98. Sony Group Co. has a 12-month low of $79.62 and a 12-month high of $100.94. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $87.36 and its two-hundred day simple moving average is $88.92.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. The business had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. As a group, equities analysts expect that Sony Group Co. will post 5.21 EPS for the current year.

Sony Group Company 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.