O Shaughnessy Asset Management LLC lifted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 447.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 487,254 shares of the company's stock after purchasing an additional 398,177 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Sony Group were worth $10,310,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Primecap Management Co. CA lifted its position in Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after buying an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Sony Group by 425.9% during the fourth 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 in the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of Sony Group by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock worth $223,039,000 after acquiring an additional 7,925,643 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Sony Group by 383.5% in the 4th quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company's stock valued at $125,477,000 after purchasing an additional 4,703,571 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Sony Group by 362.7% during the 4th quarter. Sei Investments Co. now owns 3,245,587 shares of the company's stock valued at $68,677,000 after purchasing an additional 2,544,193 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.
Sony Group Trading Down 1.2 %
Shares of Sony Group stock traded down $0.30 during midday trading on Wednesday, reaching $24.87. 4,671,576 shares of the company's stock traded hands, compared to its average volume of 4,023,921. The stock has a 50 day moving average of $23.84 and a 200-day moving average of $20.06. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.78. The company has a market cap of $150.41 billion, a PE ratio of 20.19, 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 quick ratio of 0.49 and a current ratio of 0.66.
Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, equities analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer reissued an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating for the company. One 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 data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $28.00.
Check Out Our Latest Research Report 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.
See Also
Before you consider Sony Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sony Group wasn't on the list.
While Sony Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market volatility creates opportunity. Our analysts have pinpointed 10 stocks perfectly positioned for exceptional growth this spring, even amid economic uncertainty. Don't miss your chance to access this timely research and invest with confidence.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
