Angeles Investment Advisors LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 391.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,608 shares of the company's stock after purchasing an additional 28,362 shares during the period. Angeles Investment Advisors LLC's holdings in Sony Group were worth $753,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Silicon Valley Capital Partners raised its stake in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after acquiring an additional 927 shares during the last quarter. General Partner Inc. raised its stake in shares of Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after acquiring an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group in the fourth quarter valued at approximately $26,000. Fairscale Capital LLC raised its stake in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares during the last quarter. Finally, Hilltop National Bank raised its stake in shares of Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company's stock valued at $32,000 after acquiring an additional 1,174 shares during the last quarter. Institutional investors own 14.05% of the company's stock.
Sony Group Stock Performance
Shares of Sony Group stock opened at $25.25 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The firm has a market cap of $152.72 billion, a P/E ratio of 20.50, a P/E/G ratio of 9.95 and a beta of 0.91. The firm has a 50 day simple moving average of $23.08 and a 200 day simple moving average of $18.95. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64.
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, beating analysts' consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Sell-side analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Oppenheimer reiterated an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $28.00.
Read Our Latest Research Report on SONY
Sony Group Profile
(
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.
Further Reading
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