Rathbones Group PLC grew its position in Sony Group Co. (NYSE:SONY - Free Report) by 378.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,752 shares of the company's stock after buying an additional 135,828 shares during the quarter. Rathbones Group PLC's holdings in Sony Group were worth $3,634,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SONY. Silicon Valley Capital Partners lifted its stake in Sony Group by 401.3% in 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 period. General Partner Inc. raised its holdings in shares of Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after purchasing an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group in the 4th quarter worth approximately $26,000. Fairscale Capital LLC boosted its stake in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after purchasing an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC increased its holdings in Sony Group by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after buying an additional 1,104 shares during the period. Institutional investors own 14.05% of the company's stock.
Analysts Set New Price Targets
SONY has been the subject of a number of analyst reports. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. Oppenheimer reiterated an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. The Goldman Sachs Group initiated coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Finally, StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sony Group presently has a consensus rating of "Moderate Buy" and an average target price of $28.00.
View Our Latest Research Report on Sony Group
Sony Group Stock Up 0.1 %
Sony Group stock traded up $0.03 during midday trading on Friday, reaching $22.95. The company's stock had a trading volume of 4,791,142 shares, compared to its average volume of 4,155,889. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.78. The stock has a market capitalization of $138.81 billion, a P/E ratio of 18.63, a PEG ratio of 9.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock's 50-day simple moving average is $23.94 and its 200-day simple moving average is $21.22.
Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, sell-side analysts expect that Sony Group Co. will post 1.23 EPS for the current 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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