Farley Capital L.P. boosted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,250 shares of the company's stock after acquiring an additional 18,600 shares during the quarter. Sony Group accounts for 0.4% of Farley Capital L.P.'s portfolio, making the stock its 13th biggest holding. Farley Capital L.P.'s holdings in Sony Group were worth $492,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Silicon Valley Capital Partners boosted its stake in shares of Sony Group by 401.3% during the fourth 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 in the last quarter. General Partner Inc. boosted 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 valued at $26,000 after purchasing an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group during the fourth quarter valued at about $26,000. Fairscale Capital LLC lifted its position in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares during the last quarter. Finally, Hilltop National Bank boosted its holdings in Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after acquiring an additional 1,174 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Oppenheimer reiterated 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. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group initiated coverage on Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating on the stock. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sony Group presently has a consensus rating of "Buy" and an average target price of $28.00.
Read Our Latest Analysis on Sony Group
Sony Group Price Performance
NYSE SONY traded up $0.08 during trading hours on Monday, hitting $25.17. 2,637,715 shares of the company's stock traded hands, compared to its average volume of 3,968,819. The company has a market capitalization of $152.19 billion, a PE ratio of 20.40, a PEG 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 52-week low of $15.02 and a 52-week high of $25.78. The firm's 50-day moving average is $23.58 and its 200-day moving average is $19.72.
Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for 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%. Equities analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.
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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