Peapack Gladstone Financial Corp Grows Holdings in Sony Group Co. (NYSE:SONY)

Peapack Gladstone Financial Corp lifted its stake in Sony Group Co. (NYSE:SONY - Free Report) by 411.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,337 shares of the company's stock after acquiring an additional 11,533 shares during the quarter. Peapack Gladstone Financial Corp's holdings in Sony Group were worth $303,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SONY. Primecap Management Co. CA increased 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 valued at $2,158,232,000 after acquiring an additional 80,724,932 shares during the period. Fisher Asset Management LLC boosted its position in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after acquiring an additional 36,783,737 shares during the last quarter. Mondrian Investment Partners LTD raised 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 worth $223,039,000 after acquiring an additional 7,925,643 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Sony Group by 401.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company's stock valued at $151,119,000 after purchasing an additional 5,718,378 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of Sony Group by 383.5% during 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. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Stock Performance

Shares of SONY traded up $0.27 on Tuesday, reaching $23.71. The company's stock had a trading volume of 835,075 shares, compared to its average volume of 4,144,914. The stock has a market capitalization of $143.40 billion, a P/E ratio of 19.25, a PEG ratio of 9.95 and a beta of 0.94. The stock's 50 day simple moving average is $23.95 and its two-hundred day simple moving average is $21.36. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.78. 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 posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Oppenheimer reissued an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating for the company. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Sony Group Profile

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.