Primecap Management Co. CA grew its stake in Sony Group Co. (NYSE:SONY - Free Report) by 379.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,995,855 shares of the company's stock after buying an additional 80,724,932 shares during the period. Sony Group accounts for 1.7% of Primecap Management Co. CA's investment portfolio, making the stock its 17th largest holding. Primecap Management Co. CA owned about 1.69% of Sony Group worth $2,158,232,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Silicon Valley Capital Partners grew its position in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after acquiring an additional 927 shares during the last quarter. General Partner Inc. grew its position in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after purchasing an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Sony Group in the fourth quarter valued at $26,000. Fairscale Capital LLC raised its holdings in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after buying an additional 992 shares during the last quarter. Finally, Hilltop National Bank boosted its stake in shares of Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after buying an additional 1,174 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
SONY has been the subject of a number of analyst reports. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $28.00.
Read Our Latest Stock Report on Sony Group
Sony Group Price Performance
SONY stock traded up $0.36 during trading on Friday, reaching $25.25. 24,505,021 shares of the company were exchanged, compared to its average volume of 3,853,586. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock's 50 day moving average price is $22.98 and its 200 day moving average price is $18.60. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.64. The company has a market cap of $152.72 billion, a P/E ratio of 20.50, a PEG ratio of 9.95 and a beta of 0.91.
Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 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 for the quarter, compared to analyst estimates of $24.32 billion. As a group, analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.
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.
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