Sony Group Co. (NYSE:SONY) Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its stake in Sony Group Co. (NYSE:SONY) by 103.2% in the fourth quarter, Holdings Channel reports. The firm owned 38,183 shares of the company’s stock after purchasing an additional 19,395 shares during the period. Cerity Partners LLC’s holdings in Sony Group were worth $3,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SONY. CVA Family Office LLC acquired a new stake in Sony Group in the 4th quarter worth approximately $27,000. KB Financial Partners LLC acquired a new stake in Sony Group in the 1st quarter worth approximately $29,000. Fortitude Family Office LLC acquired a new stake in Sony Group in the 4th quarter worth approximately $31,000. Pinnacle Bancorp Inc. acquired a new stake in Sony Group in the 4th quarter worth approximately $39,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in Sony Group during the 4th quarter valued at approximately $43,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SONY has been the subject of several research reports. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $108.00 target price on shares of Sony Group in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Sony Group presently has an average rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Price Performance

NYSE:SONY opened at $81.61 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. The firm has a market cap of $100.72 billion, a price-to-earnings ratio of 15.75 and a beta of 0.98. The company has a 50 day moving average price of $87.36 and a 200-day moving average price of $88.92. Sony Group Co. has a 1-year low of $79.62 and a 1-year high of $100.94.

Sony Group (NYSE:SONY) last posted its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.32. The firm had revenue of $25.38 billion during 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%. Equities research analysts forecast 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.