Cerity Partners LLC grew its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 74.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 261,418 shares of the company's stock after buying an additional 111,472 shares during the period. Cerity Partners LLC's holdings in Sony Group were worth $5,532,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Silicon Valley Capital Partners increased its holdings in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. General Partner Inc. lifted its stake in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after acquiring an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Sony Group in the 4th quarter valued at about $26,000. Fairscale Capital LLC increased its stake in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after purchasing an additional 992 shares during the period. Finally, Accent Capital Management LLC boosted its stake in shares of Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.
Analyst Upgrades and Downgrades
SONY has been the subject of several research reports. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group started coverage on Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.00.
View Our Latest Stock Analysis on SONY
Sony Group Stock Performance
Shares of SONY traded up $0.66 during mid-day trading on Thursday, hitting $24.02. 4,548,926 shares of the company's stock were exchanged, compared to its average volume of 4,150,460. The business's 50 day moving average is $23.98 and its two-hundred day moving average is $21.39. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $145.23 billion, a P/E ratio of 19.49, a P/E/G ratio of 9.95 and a beta of 0.94. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.78.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. On average, equities analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.
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.
See Also
Before you consider Sony Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sony Group wasn't on the list.
While Sony Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
