First Horizon Advisors Inc. Has $356,000 Stake in Sony Group Co. (NYSE:SONY)

First Horizon Advisors Inc. grew its stake in Sony Group Co. (NYSE:SONY) by 9.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,759 shares of the company’s stock after buying an additional 327 shares during the quarter. First Horizon Advisors Inc.’s holdings in Sony Group were worth $356,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. increased its stake in Sony Group by 10.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,642 shares of the company’s stock valued at $383,000 after buying an additional 448 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Sony Group by 6.9% during the third quarter. Bank of New York Mellon Corp now owns 378,854 shares of the company’s stock valued at $31,221,000 after purchasing an additional 24,427 shares during the last quarter. Brown Advisory Inc. grew its stake in Sony Group by 4.6% in the third quarter. Brown Advisory Inc. now owns 9,742 shares of the company’s stock valued at $803,000 after purchasing an additional 426 shares in the last quarter. Brighton Jones LLC increased its position in shares of Sony Group by 4.1% during the 3rd quarter. Brighton Jones LLC now owns 3,308 shares of the company’s stock worth $273,000 after purchasing an additional 129 shares during the last quarter. Finally, DMC Group LLC raised its stake in shares of Sony Group by 20.7% during the 3rd quarter. DMC Group LLC now owns 5,634 shares of the company’s stock worth $464,000 after purchasing an additional 968 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SONY. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $108.00 price target 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 given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Sony Group Trading Up 0.5 %

Shares of NYSE:SONY opened at $84.54 on Monday. The company has a market capitalization of $104.34 billion, a P/E ratio of 16.32 and a beta of 0.95. 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 business’s 50 day simple moving average is $85.24 and its 200 day simple moving average is $88.84. 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 quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, research analysts anticipate that Sony Group Co. will post 5.22 EPS for the current fiscal year.

About Sony Group

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.