Dearborn Partners LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 384.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,114 shares of the company's stock after purchasing an additional 12,790 shares during the quarter. Dearborn Partners LLC's holdings in Sony Group were worth $341,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners lifted its stake in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after buying an additional 927 shares during the last quarter. General Partner Inc. lifted its position in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after acquiring an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Sony Group during the fourth quarter worth approximately $26,000. Fairscale Capital LLC grew its position 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 purchasing an additional 992 shares during the last quarter. Finally, Hilltop National Bank increased its stake in shares of Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after purchasing an additional 1,174 shares during the period. 14.05% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on SONY shares. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Sony Group presently has an average rating of "Buy" and a consensus target price of $28.00.
Check Out Our Latest Stock Analysis on Sony Group
Sony Group Price Performance
Sony Group stock opened at $22.95 on Wednesday. The stock's fifty day moving average price is $22.51 and its two-hundred day moving average price is $17.80. The firm has a market cap of $138.76 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. 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 Co. has a one year low of $15.02 and a one year high of $25.64.
Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping 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 business had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. As a group, research analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.
Sony Group Company 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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