CIBC Private Wealth Group LLC increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 394.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,530,235 shares of the company's stock after acquiring an additional 1,220,941 shares during the period. CIBC Private Wealth Group LLC's holdings in Sony Group were worth $31,783,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in SONY. Primecap Management Co. CA boosted its holdings in Sony Group by 379.5% in the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after acquiring an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD raised its stake in shares of Sony Group by 358.2% during the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock worth $223,039,000 after buying an additional 7,925,643 shares during the last quarter. Sei Investments Co. lifted its stake in Sony Group by 362.7% in the 4th quarter. Sei Investments Co. now owns 3,245,587 shares of the company's stock valued at $68,677,000 after buying an additional 2,544,193 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Sony Group by 384.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company's stock valued at $65,323,000 after purchasing an additional 2,452,504 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.
Sony Group Price Performance
Shares of SONY traded down $0.30 during trading hours on Wednesday, hitting $24.87. The stock had a trading volume of 4,671,576 shares, compared to its average volume of 4,023,921. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78. The company's fifty day moving average is $23.84 and its two-hundred day moving average is $20.06. 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 stock has a market capitalization of $150.41 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 9.95 and a beta of 0.91.
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 the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. On average, analysts anticipate that Sony Group Co. will post 1.23 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. The Goldman Sachs Group started coverage on Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating for the company. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating on the stock. Finally, StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $28.00.
View Our Latest Analysis 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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