MGO One Seven LLC Invests $464,000 in Sony Group Co. (NYSE:SONY)

Posted by on Apr 7th, 2023

MGO One Seven LLC acquired a new position in Sony Group Co. (NYSE:SONY – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,084 shares of the company’s stock, valued at approximately $464,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Beaumont Financial Advisors LLC bought a new stake in shares of Sony Group in the 4th quarter worth $10,336,000. Lindbrook Capital LLC grew its holdings in shares of Sony Group by 20.3% in the 4th quarter. Lindbrook Capital LLC now owns 4,388 shares of the company’s stock worth $335,000 after acquiring an additional 740 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new position in shares of Sony Group in the 4th quarter worth $244,000. Park Avenue Securities LLC grew its holdings in shares of Sony Group by 15.2% in the 4th quarter. Park Avenue Securities LLC now owns 27,080 shares of the company’s stock worth $2,066,000 after acquiring an additional 3,574 shares during the last quarter. Finally, RFP Financial Group LLC acquired a new position in shares of Sony Group in the 4th quarter worth $25,000. Institutional investors own 7.74% of the company’s stock.

Sony Group Stock Performance

Shares of SONY stock opened at $88.17 on Friday. Sony Group Co. has a 1-year low of $61.72 and a 1-year high of $99.64. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $108.80 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 2.56 and a beta of 1.07. The stock’s fifty day simple moving average is $87.54 and its 200-day simple moving average is $79.97.

Sony Group (NYSE:SONY – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.47. Sony Group had a return on equity of 12.77% and a net margin of 8.43%. The business had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $25.02 billion. On average, sell-side analysts predict that Sony Group Co. will post 5.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Cowen lifted their target price on Sony Group from $102.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. StockNews.com assumed coverage on Sony Group in a report on Thursday, March 16th. They issued a “hold” rating on the stock. 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.com, Sony Group has a consensus rating of “Hold” and an average price target of $115.00.

Sony Group Company Profile

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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.

Further Reading

Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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