Cambiar Investors LLC Raises Stock Holdings in Sony Group Co. (NYSE:SONY)

Cambiar Investors LLC grew its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 548.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,059,241 shares of the company's stock after acquiring an additional 896,013 shares during the quarter. Cambiar Investors LLC's holdings in Sony Group were worth $22,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of SONY. Y.D. More Investments Ltd raised its stake in shares of Sony Group by 400.0% during the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after purchasing an additional 28,852 shares during the period. Pictet North America Advisors SA raised its stake in shares of Sony Group by 19.4% during the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company's stock worth $23,561,000 after purchasing an additional 39,688 shares during the period. Fifth Third Bancorp raised its stake in shares of Sony Group by 311.3% during the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after purchasing an additional 119,362 shares during the period. Mitchell & Pahl Private Wealth LLC raised its stake in shares of Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company's stock worth $854,000 after purchasing an additional 32,725 shares during the period. Finally, One Wealth Advisors LLC raised its stake in shares of Sony Group by 400.9% during the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company's stock worth $729,000 after purchasing an additional 27,593 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SONY shares. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. Finally, Oppenheimer lowered their price objective on Sony Group from $108.00 to $25.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $24.00.

Sony Group Price Performance

Shares of SONY traded up $0.97 during midday trading on Friday, hitting $24.16. 5,032,566 shares of the company traded hands, compared to its average volume of 3,845,059. The stock has a 50-day moving average of $21.46 and a 200-day moving average of $15.12. Sony Group Co. has a one year low of $15.02 and a one year high of $24.25. The firm has a market cap of $146.08 billion, a P/E ratio of 19.77, a PEG ratio of 11.46 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.27% and a net margin of 8.55%. As a group, sell-side analysts predict that Sony Group Co. will post 1.21 EPS for the current fiscal 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.