Arete Wealth Advisors LLC raised its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 385.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,679 shares of the company's stock after purchasing an additional 21,976 shares during the period. Arete Wealth Advisors LLC's holdings in Sony Group were worth $586,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Primecap Management Co. CA raised its stake in shares of Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after acquiring an additional 80,724,932 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after purchasing an additional 36,783,737 shares in the last quarter. 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 worth $223,039,000 after purchasing an additional 7,925,643 shares in the last quarter. Clearbridge Investments LLC increased its position in 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 buying an additional 4,703,571 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Sony Group by 362.7% in the fourth quarter. Sei Investments Co. now owns 3,245,587 shares of the company's stock valued at $68,677,000 after buying an additional 2,544,193 shares during the last quarter. Institutional investors own 14.05% of the company's stock.
Sony Group Stock Performance
SONY traded down $0.37 during midday trading on Thursday, hitting $22.60. 3,290,317 shares of the company were exchanged, compared to its average volume of 4,114,594. The company's 50 day simple moving average is $23.91 and its 200 day simple moving average is $20.84. The firm has a market capitalization of $136.70 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.78. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.
Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, sell-side analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Oppenheimer restated an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating for the company. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating for the company. Finally, Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a report on Monday. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.
View Our Latest Research Report on Sony Group
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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