Aljian Capital Management LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,630 shares of the company's stock after purchasing an additional 12,504 shares during the quarter. Aljian Capital Management LLC's holdings in Sony Group were worth $331,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Sony Group by 472.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 45,061 shares of the company's stock valued at $961,000 after purchasing an additional 37,192 shares in the last quarter. Marks Group Wealth Management Inc raised its holdings in shares of Sony Group by 341.9% in the fourth quarter. Marks Group Wealth Management Inc now owns 75,997 shares of the company's stock valued at $1,608,000 after acquiring an additional 58,800 shares in the last quarter. Certuity LLC raised its holdings in shares of Sony Group by 450.7% in the fourth quarter. Certuity LLC now owns 13,012 shares of the company's stock valued at $275,000 after acquiring an additional 10,649 shares in the last quarter. Quent Capital LLC purchased a new stake in Sony Group in the fourth quarter worth about $103,000. Finally, Cambiar Investors LLC grew its holdings in Sony Group by 548.9% during the 4th quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company's stock worth $22,414,000 after acquiring an additional 896,013 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.
Sony Group Stock Up 4.2 %
Shares of Sony Group stock traded up $0.97 during trading on Monday, reaching $24.16. The company's stock had a trading volume of 5,032,566 shares, compared to its average volume of 3,630,980. The company has a 50-day simple moving average of $21.46 and a two-hundred day simple moving average of $15.28. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $24.25. The company has a market cap of $146.08 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 11.46 and a beta of 0.96. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.
Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.27% and a net margin of 8.55%. As a group, equities analysts forecast that Sony Group Co. will post 1.21 earnings per share for the current year.
Wall Street Analyst Weigh In
SONY has been the subject of several research reports. Oppenheimer lowered their price target on shares of Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, StockNews.com downgraded Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sony Group currently has an average rating of "Buy" and an average target price of $24.00.
Read Our Latest Stock Report on SONY
About Sony Group
(
Free Report)
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.
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