Naviter Wealth LLC grew its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 344.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 138,310 shares of the company's stock after purchasing an additional 107,180 shares during the quarter. Naviter Wealth LLC's holdings in Sony Group were worth $2,927,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Silicon Valley Capital Partners lifted its stake in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after acquiring an additional 927 shares during the period. General Partner Inc. grew its holdings 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 acquiring an additional 996 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Sony Group during the 4th quarter valued at $26,000. Hilltop National Bank grew its stake in shares of Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after purchasing an additional 1,174 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock worth $32,000 after buying an additional 1,204 shares during the last quarter. Institutional investors own 14.05% of the company's stock.
Sony Group Trading Up 0.2 %
Shares of SONY stock traded up $0.05 during mid-day trading on Tuesday, reaching $22.90. 1,715,204 shares of the stock traded hands, compared to its average volume of 3,903,090. 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 1-year low of $15.02 and a 1-year high of $25.64. The stock's fifty day simple moving average is $22.48 and its two-hundred day simple moving average is $17.66. The company has a market cap of $138.47 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.
Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings data 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 return on equity of 14.10% and a net margin of 8.21%. The firm had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. On average, research analysts anticipate that Sony Group Co. will post 1.23 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Oppenheimer reissued 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. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sony Group has an average rating of "Buy" and a consensus target price of $28.00.
Read Our Latest Stock Analysis on SONY
Sony Group Profile
(
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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