Everpar Advisors LLC Purchases 318 Shares of Sony Group Co. (NYSE:SONY)

Everpar Advisors LLC raised its position in shares of Sony Group Co. (NYSE:SONY) by 6.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,019 shares of the company’s stock after purchasing an additional 318 shares during the quarter. Everpar Advisors LLC’s holdings in Sony Group were worth $426,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SONY. JFS Wealth Advisors LLC boosted its position in shares of Sony Group by 24.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after buying an additional 108 shares during the last quarter. Legacy Capital Group California Inc. grew its stake in shares of Sony Group by 2.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 4,703 shares of the company’s stock worth $445,000 after acquiring an additional 110 shares during the period. Brown Brothers Harriman & Co. raised its holdings in shares of Sony Group by 16.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 786 shares of the company’s stock valued at $74,000 after purchasing an additional 112 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in Sony Group by 20.6% during the first quarter. Hexagon Capital Partners LLC now owns 749 shares of the company’s stock valued at $64,000 after purchasing an additional 128 shares during the period. Finally, PDS Planning Inc boosted its holdings in Sony Group by 2.3% in the fourth quarter. PDS Planning Inc now owns 6,231 shares of the company’s stock worth $590,000 after purchasing an additional 138 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

Sony Group Price Performance

NYSE:SONY traded up $1.78 on Friday, reaching $90.24. 589,831 shares of the company’s stock traded hands, compared to its average volume of 959,635. The stock has a 50-day simple moving average of $86.81 and a 200-day simple moving average of $86.23. Sony Group Co. has a 12 month low of $75.11 and a 12 month high of $100.88. The firm has a market cap of $111.38 billion, a PE ratio of 16.59 and a beta of 0.94. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26.

Sony Group shares are scheduled to split before the market opens on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly issued shares will be issued to shareholders after the market closes on Monday, September 30th.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.11. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The company had revenue of $19.32 billion for the quarter, compared to analysts’ expectations of $17.42 billion. Equities research analysts forecast that Sony Group Co. will post 5.68 earnings per share for the current year.

Sony Group 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.