Saturna Capital Corp Grows Position in Sony Group Co. (NYSE:SONY)

Saturna Capital Corp boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,000 shares of the company's stock after buying an additional 16,000 shares during the period. Saturna Capital Corp's holdings in Sony Group were worth $423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners boosted its stake in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after purchasing an additional 927 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group during the fourth quarter worth about $26,000. Fairscale Capital LLC grew its holdings 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 worth $26,000 after buying an additional 992 shares during the last quarter. General Partner Inc. increased its position in 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 acquiring an additional 996 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock worth $134,000 after acquiring an additional 716 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Stock Up 0.4 %

Sony Group stock opened at $22.95 on Wednesday. The stock's 50 day moving average price is $22.51 and its 200 day moving average price is $17.80. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64. The company has a market cap of $138.76 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

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Sony Group (NYSE:SONY - Get Free Report) last issued its 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. The company had revenue of $28.95 billion for 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 predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SONY shares. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Oppenheimer reissued an "outperform" rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. One analyst has rated the stock with a hold rating, three 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 "Buy" and a consensus target price of $28.00.

About Sony Group

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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