Orion Portfolio Solutions LLC boosted its stake in Sony Group Co. (NYSE:SONY - Free Report) by 375.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318,484 shares of the company's stock after buying an additional 251,565 shares during the period. Orion Portfolio Solutions LLC's holdings in Sony Group were worth $6,739,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Primecap Management Co. CA grew its holdings 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 in the last quarter. Fisher Asset Management LLC grew 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 worth $961,089,000 after purchasing an additional 36,783,737 shares in the last quarter. Mondrian Investment Partners LTD grew its stake 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 worth $223,039,000 after purchasing an additional 7,925,643 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Sony Group by 362.7% during the fourth 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 period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Sony Group by 384.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company's stock valued at $65,323,000 after purchasing an additional 2,452,504 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.
Sony Group Price Performance
Shares of NYSE SONY traded down $0.30 during midday trading on Wednesday, reaching $24.87. The company's stock had a trading volume of 4,304,234 shares, compared to its average volume of 5,021,739. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78. The company has a market cap of $150.41 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The company has a 50 day moving average price of $23.76 and a 200 day moving average price of $20.02. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.
Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. The company 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%. On average, equities research analysts expect that Sony Group Co. will post 1.23 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on SONY. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, Oppenheimer reiterated an "outperform" rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Sony Group currently has an average rating of "Buy" and an average price target of $28.00.
Read Our Latest Research Report on SONY
Sony Group 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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