Bfsg LLC acquired a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 289,471 shares of the company's stock, valued at approximately $6,125,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SONY. Fisher Asset Management LLC boosted its position in shares of Sony Group by 12.7% in the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock valued at $834,013,000 after acquiring an additional 972,075 shares during the period. Cardinal Capital Management Inc. boosted its position in shares of Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock valued at $33,986,000 after acquiring an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of Sony Group in the third quarter valued at about $109,462,000. Cambiar Investors LLC boosted its position in shares of Sony Group by 548.9% in the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company's stock valued at $22,414,000 after acquiring an additional 896,013 shares during the period. Finally, Pictet North America Advisors SA boosted its position in shares of Sony Group by 333.4% in the fourth quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company's stock valued at $22,375,000 after acquiring an additional 813,429 shares during the period. 14.05% of the stock is owned by institutional investors.
Sony Group Price Performance
SONY traded down $0.12 on Friday, hitting $24.81. 5,048,137 shares of the stock were exchanged, compared to its average volume of 3,950,445. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.29. The business has a 50-day moving average of $21.74 and a two-hundred day moving average of $15.86. 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 capitalization of $150.01 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 9.98 and a beta of 0.96.
Sony Group (NYSE:SONY - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm 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 14.10% and a net margin of 8.21%. Sell-side analysts forecast that Sony Group Co. will post 1.22 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on SONY shares. StockNews.com cut shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday. Four 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, the stock has a consensus rating of "Buy" and an average price target of $28.00.
View Our Latest Report on Sony Group
Sony Group Profile
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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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