Kestra Private Wealth Services LLC purchased a new stake in Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,190 shares of the company's stock, valued at approximately $1,041,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock worth $834,013,000 after buying an additional 972,075 shares in the last quarter. Cardinal Capital Management Inc. lifted its holdings in shares of Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock worth $33,986,000 after acquiring an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of Sony Group during the 3rd quarter valued at about $109,462,000. Manning & Napier Advisors LLC increased its stake in Sony Group by 356.8% in the fourth quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company's stock valued at $20,500,000 after acquiring an additional 756,705 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Sony Group by 536.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 802,825 shares of the company's stock worth $16,988,000 after purchasing an additional 676,701 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.
Sony Group Price Performance
Sony Group stock traded up $0.97 during trading hours on Monday, hitting $24.16. 5,032,566 shares of the stock were exchanged, compared to its average volume of 3,630,980. The stock has a market capitalization of $146.08 billion, a P/E ratio of 19.77, a P/E/G ratio of 11.46 and a beta of 0.96. The business's 50-day moving average is $21.52 and its two-hundred day moving average is $15.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $24.25.
Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.27% and a net margin of 8.55%. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Equities research analysts expect that Sony Group Co. will post 1.21 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on SONY shares. StockNews.com downgraded Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Oppenheimer decreased their price target 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. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating on the stock. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $24.00.
Check Out Our Latest Report on Sony Group
About Sony Group
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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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