Frank Rimerman Advisors LLC boosted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 178.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,071 shares of the company's stock after purchasing an additional 53,237 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Sony Group were worth $1,758,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of SONY. Fiduciary Trust Co grew its holdings in shares of Sony Group by 13.4% during the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company's stock valued at $479,000 after buying an additional 585 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Sony Group by 14.9% during the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company's stock valued at $447,000 after purchasing an additional 599 shares during the period. West Family Investments Inc. lifted its position in Sony Group by 13.0% during the third quarter. West Family Investments Inc. now owns 5,422 shares of the company's stock valued at $524,000 after purchasing an additional 623 shares during the period. Brown Brothers Harriman & Co. lifted its position in Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock valued at $134,000 after purchasing an additional 716 shares during the period. Finally, Coldstream Capital Management Inc. lifted its position in Sony Group by 23.2% during the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock valued at $352,000 after purchasing an additional 751 shares during the period. Hedge funds and other institutional investors own 14.05% of the company's stock.
Sony Group Stock Performance
SONY traded up $0.44 during trading on Wednesday, hitting $24.96. The company's stock had a trading volume of 10,792,178 shares, compared to its average volume of 3,764,038. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a one year low of $15.02 and a one year high of $25.64. The firm has a market cap of $150.92 billion, a PE ratio of 20.26, a P/E/G ratio of 9.95 and a beta of 0.91. The business's 50 day simple moving average is $22.81 and its 200-day simple moving average is $18.51.
Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. As a group, sell-side analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Sony Group currently has an average rating of "Buy" and an average price target of $28.00.
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Sony Group Company Profile
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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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