LPL Financial LLC raised its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 487.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 745,474 shares of the company's stock after purchasing an additional 618,484 shares during the quarter. LPL Financial LLC's holdings in Sony Group were worth $15,774,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of SONY. Y.D. More Investments Ltd boosted its holdings in Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after purchasing an additional 28,852 shares during the last quarter. Bfsg LLC bought a new position in Sony Group in the fourth quarter valued at about $6,125,000. Fifth Third Bancorp boosted its position in Sony Group by 311.3% in the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after purchasing an additional 119,362 shares during the last quarter. West Family Investments Inc. grew its stake in shares of Sony Group by 392.9% during the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after purchasing an additional 21,303 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC increased its position in shares of Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company's stock valued at $854,000 after purchasing an additional 32,725 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.
Sony Group Price Performance
Shares of NYSE SONY traded down $1.57 during midday trading on Friday, reaching $21.81. The stock had a trading volume of 7,989,026 shares, compared to its average volume of 4,050,819. 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 $25.78. The stock has a 50-day moving average of $23.90 and a 200-day moving average of $20.20. The company has a market capitalization of $131.90 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94.
Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, research analysts anticipate that Sony Group Co. will post 1.23 EPS for the current fiscal year.
Analysts Set New Price Targets
SONY has been the subject of several recent research reports. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, The Goldman Sachs Group started coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sony Group presently has an average rating of "Buy" and a consensus target price of $28.00.
Read Our Latest Research Report on SONY
Sony Group Company 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.
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