OneDigital Investment Advisors LLC increased its stake in Sony Group Co. (NYSE:SONY - Free Report) by 373.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,399 shares of the company's stock after purchasing an additional 26,340 shares during the period. OneDigital Investment Advisors LLC's holdings in Sony Group were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the stock. Silicon Valley Capital Partners raised its stake in shares of 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 purchasing an additional 927 shares during the last quarter. General Partner Inc. raised its position in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after buying an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Sony Group during the 4th quarter worth approximately $26,000. Fairscale Capital LLC lifted its stake in Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares during the period. Finally, Accent Capital Management LLC boosted its holdings in shares of Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after acquiring an additional 1,104 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.
Analyst Ratings Changes
SONY has been the subject of a number of research reports. Oppenheimer restated an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating for the company. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Sony Group has an average rating of "Moderate Buy" and a consensus target price of $28.00.
Check Out Our Latest Stock Analysis on Sony Group
Sony Group Stock Down 0.6 %
Shares of SONY opened at $24.96 on Friday. The firm has a market cap of $150.95 billion, a P/E ratio of 20.26, a PEG ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.78. The stock's 50 day moving average is $24.15 and its two-hundred day moving average is $21.67. 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 released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.
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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