Opes Wealth Management LLC lifted its position in 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 23,460 shares of the company's stock after purchasing an additional 18,768 shares during the quarter. Opes Wealth Management LLC's holdings in Sony Group were worth $496,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Secured Retirement Advisors LLC acquired a new stake in shares of Sony Group in the 4th quarter valued at about $1,340,000. Allworth Financial LP lifted its position in Sony Group by 413.7% during the 4th quarter. Allworth Financial LP now owns 9,499 shares of the company's stock worth $199,000 after acquiring an additional 7,650 shares during the period. Principal Securities Inc. lifted its position in Sony Group by 146.4% during the 4th quarter. Principal Securities Inc. now owns 35,608 shares of the company's stock worth $753,000 after acquiring an additional 21,155 shares during the period. Aveo Capital Partners LLC lifted its position in Sony Group by 400.0% during the 4th quarter. Aveo Capital Partners LLC now owns 16,065 shares of the company's stock worth $340,000 after acquiring an additional 12,852 shares during the period. Finally, Manchester Capital Management LLC lifted its position in Sony Group by 419.4% during the 4th quarter. Manchester Capital Management LLC now owns 12,309 shares of the company's stock worth $260,000 after acquiring an additional 9,939 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
SONY has been the subject of a number of recent research reports. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sony Group has an average rating of "Buy" and a consensus target price of $28.00.
Check Out Our Latest Analysis on SONY
Sony Group Stock Performance
Shares of SONY stock traded up $0.21 during trading hours on Thursday, reaching $24.93. 2,809,277 shares of the company's stock were exchanged, compared to its average volume of 3,916,699. The company has a market cap of $150.74 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 9.90 and a beta of 0.96. The company's 50 day moving average is $21.68 and its two-hundred day moving average is $15.71. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $24.95. 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 (NYSE:SONY - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion during 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 research analysts anticipate that Sony Group Co. will post 1.22 EPS for the current fiscal year.
Sony Group Profile
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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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