Townsquare Capital LLC boosted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 646.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 343,176 shares of the company's stock after acquiring an additional 297,195 shares during the period. Townsquare Capital LLC's holdings in Sony Group were worth $7,262,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SONY. Primecap Management Co. CA lifted its stake 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 buying an additional 80,724,932 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after buying an additional 36,783,737 shares during the last quarter. Mondrian Investment Partners LTD boosted its position in Sony Group by 358.2% during the fourth 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 during the last quarter. Envestnet Asset Management Inc. grew its stake in Sony Group by 401.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company's stock worth $151,119,000 after acquiring an additional 5,718,378 shares during the period. Finally, Clearbridge Investments LLC lifted its stake 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 worth $125,477,000 after purchasing an additional 4,703,571 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Oppenheimer reissued an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. The Goldman Sachs Group initiated coverage on Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating on the stock. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.
Get Our Latest Research Report on Sony Group
Sony Group Stock Performance
NYSE:SONY traded up $0.66 during midday trading on Thursday, reaching $24.02. 4,549,336 shares of the company traded hands, compared to its average volume of 4,150,462. 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 firm has a market capitalization of $145.23 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78. The company has a fifty day moving average price of $23.98 and a 200 day moving average price of $21.39.
Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, analysts expect that Sony Group Co. will post 1.23 EPS 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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