PDS Planning Inc raised its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 418.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,893 shares of the company's stock after acquiring an additional 23,318 shares during the quarter. PDS Planning Inc's holdings in Sony Group were worth $611,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Primecap Management Co. CA boosted its position in shares of Sony Group by 379.5% in 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 purchasing an additional 80,724,932 shares during the period. Fisher Asset Management LLC boosted its position in shares of Sony Group by 425.9% in the 4th 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 boosted its position 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 valued at $223,039,000 after purchasing an additional 7,925,643 shares during the period. Natixis Advisors LLC boosted its position in shares of Sony Group by 525.1% in the 4th quarter. Natixis Advisors LLC now owns 2,206,912 shares of the company's stock valued at $46,698,000 after purchasing an additional 1,853,871 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Sony Group in the 4th quarter valued at about $36,964,000. 14.05% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
SONY has been the subject of a number of research analyst reports. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Sony Group presently has an average rating of "Buy" and an average target price of $28.00.
Read Our Latest Stock Analysis on Sony Group
Sony Group Stock Performance
Sony Group stock traded up $0.36 during mid-day trading on Friday, reaching $25.25. 24,505,021 shares of the company were exchanged, compared to its average volume of 3,856,795. The firm has a market cap of $152.72 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The firm's 50-day simple moving average is $23.08 and its two-hundred day simple moving average is $18.74. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. 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 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 analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.
Sony Group Company 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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