HighTower Advisors LLC Increases Stake in Sony Group Co.

HighTower Advisors LLC has significantly increased its stake in Sony Group Co. (NYSE:SONY) during the fourth quarter. According to their latest 13F filing with the Securities and Exchange Commission (SEC), the firm boosted its holdings by an impressive 418.3%. After acquiring an additional 181,282 shares during this period, the institutional investor now owns a total of 224,623 shares of Sony Group's stock.

As per the recent filing, HighTower Advisors' investments in Sony are valued at approximately $4,753,000. This increase underscores the growing interest from institutional investors in the tech giant.

Other institutional investors have also made substantial adjustments to their Sony holdings. For instance, Silicon Valley Capital Partners raised its stake in Sony Group by 401.3% in the same quarter, resulting in ownership of 1,158 shares worth about $25,000 after acquiring an additional 927 shares.

Similarly, General Partner Inc. increased its position by 400.0%, owning 1,245 shares valued at $26,000 after acquiring 996 shares. Newbridge Financial Services Group Inc. also entered a new position in Sony valued at $26,000 during this quarter, while Fairscale Capital LLC and Hilltop National Bank raised their holdings by 400.0% and 346.3%, respectively.

Currently, institutional investors hold about 14.05% of Sony Group's stock, indicating solid confidence in the company’s potential.

Analyst Opinions on Sony Group

Analysts on Wall Street have expressed various views on Sony Group. Oppenheimer has reaffirmed an "outperform" rating, raising the target price from $25.00 to $33.00, reflecting optimism about the company's growth. StockNews.com has taken a different stance, downgrading the stock from a “buy” rating to a “hold” rating.

Sanford C. Bernstein has also begun coverage of Sony, issuing an "outperform" rating. In total, one analyst has rated the stock as a hold, three have given it a buy rating, and one has issued a strong buy rating. The consensus is that the stock maintains a “Buy” rating with an average target price set at $28.00.

Sony Group's Stock Performance

As of Thursday, Sony Group's stock opened at $24.96. Over the past year, it experienced a low of $15.02 and a high of $25.64. The company boasts a market capitalization of $150.92 billion, a price-to-earnings (P/E) ratio of 20.26, and a price-to-earnings-growth (PEG) ratio of 9.95. Additionally, Sony Group has a low debt-to-equity ratio of 0.25 and current ratios that indicate overall financial stability.

In its latest earnings report released on February 13, Sony Group announced an earnings per share (EPS) of $0.41, which surpassed analysts' expectations of $0.27 and demonstrated healthy revenue of $28.95 billion against estimates of $24.32 billion. The company reported a net margin of 8.21% and a return on equity of 14.10%.

Company Overview: Sony Group

Sony Group Corporation is engaged in designing, developing, producing, and selling a wide range of electronic equipment, devices, and instruments across various markets, including consumer, professional, and industrial sectors. They also distribute software and digital content through gaming, video, and music services.

Conclusion

This influx of investments and optimistic ratings from analysts reflect a growing confidence in Sony Group's market position and future prospects. As the company continues to innovate and expand its offerings, investor interest is likely to remain strong.

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