OLD Mission Capital LLC raised its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 2,194.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 342,657 shares of the company's stock after acquiring an additional 327,724 shares during the period. OLD Mission Capital LLC's holdings in Sony Group were worth $7,251,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Primecap Management Co. CA boosted its holdings in Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after acquiring an additional 80,724,932 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after purchasing an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD grew its holdings in shares of Sony Group by 358.2% in the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after purchasing an additional 7,925,643 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Sony Group by 383.5% in the fourth 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. increased its stake in Sony Group by 362.7% during the 4th quarter. Sei Investments Co. now owns 3,245,587 shares of the company's stock worth $68,677,000 after buying an additional 2,544,193 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.
Sony Group Stock Down 1.2 %
NYSE:SONY traded down $0.30 during trading hours on Wednesday, hitting $24.87. The company's stock had a trading volume of 4,671,576 shares, compared to its average volume of 4,023,921. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.78. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $150.41 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The stock has a fifty day moving average of $23.84 and a 200-day moving average of $20.06.
Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. On average, equities analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have commented on SONY. Oppenheimer restated an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock. 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. Finally, StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sony Group currently has a consensus rating of "Buy" and an average target price of $28.00.
Check Out Our Latest 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.
Read More
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
