Jackson Hole Capital Partners LLC Boosts Stock Holdings in Sony Group Co. (NYSE:SONY)

Jackson Hole Capital Partners LLC boosted its position in Sony Group Co. (NYSE:SONY) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,261 shares of the company’s stock after purchasing an additional 2,234 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Sony Group were worth $2,676,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Sony Group by 2,317.1% during the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock valued at $5,127,000 after acquiring an additional 51,903 shares during the period. Fifth Third Bancorp raised its holdings in Sony Group by 290.8% during the 4th quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock valued at $4,175,000 after acquiring an additional 32,811 shares during the period. Cerity Partners LLC raised its holdings in Sony Group by 103.2% during the 4th quarter. Cerity Partners LLC now owns 38,183 shares of the company’s stock valued at $3,616,000 after acquiring an additional 19,395 shares during the period. XY Capital Ltd bought a new stake in Sony Group during the 3rd quarter valued at $876,000. Finally, Bleakley Financial Group LLC raised its holdings in Sony Group by 25.3% during the 4th quarter. Bleakley Financial Group LLC now owns 7,178 shares of the company’s stock valued at $680,000 after acquiring an additional 1,450 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sony Group Price Performance

Shares of Sony Group stock traded down $0.27 during trading on Thursday, hitting $82.44. The stock had a trading volume of 552,665 shares, compared to its average volume of 775,462. Sony Group Co. has a 12 month low of $79.62 and a 12 month high of $100.94. The business’s 50-day moving average is $85.83 and its 200 day moving average is $88.86. The firm has a market cap of $101.75 billion, a price-to-earnings ratio of 15.92 and a beta of 0.98. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last announced its 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. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The company had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. As a group, sell-side analysts anticipate that Sony Group Co. will post 5.21 earnings per share for the current 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.