Summitry LLC raised its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 512.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,774 shares of the company's stock after buying an additional 14,036 shares during the period. Summitry LLC's holdings in Sony Group were worth $355,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SONY. First American Trust FSB lifted its holdings in Sony Group by 378.3% in the 4th quarter. First American Trust FSB now owns 14,080 shares of the company's stock valued at $298,000 after acquiring an additional 11,136 shares during the last quarter. Zions Bancorporation N.A. boosted its stake in Sony Group by 301.5% in the 4th quarter. Zions Bancorporation N.A. now owns 1,835 shares of the company's stock worth $39,000 after purchasing an additional 1,378 shares during the period. Minneapolis Portfolio Management Group LLC raised its stake in Sony Group by 406.6% during the 4th quarter. Minneapolis Portfolio Management Group LLC now owns 1,632,987 shares of the company's stock valued at $34,554,000 after purchasing an additional 1,310,641 shares during the period. Angeles Investment Advisors LLC lifted its holdings in shares of Sony Group by 391.4% in the fourth quarter. Angeles Investment Advisors LLC now owns 35,608 shares of the company's stock valued at $753,000 after purchasing an additional 28,362 shares in the last quarter. Finally, Congress Wealth Management LLC DE boosted its position in shares of Sony Group by 443.0% in the fourth quarter. Congress Wealth Management LLC DE now owns 58,705 shares of the company's stock worth $1,242,000 after buying an additional 47,893 shares during the period. 14.05% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price objective (up 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 issued an "outperform" rating for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $28.00.
View Our Latest Analysis on SONY
Sony Group Stock Down 2.1 %
NYSE:SONY traded down $0.54 during mid-day trading on Friday, reaching $25.11. The stock had a trading volume of 5,571,122 shares, compared to its average volume of 3,973,475. The stock has a market cap of $151.83 billion, a P/E ratio of 20.38, a PEG ratio of 9.95 and a beta of 0.91. The business's 50 day moving average is $23.58 and its 200 day moving average is $19.61. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.78.
Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS 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 company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. As a group, sell-side analysts predict that Sony Group Co. will post 1.23 earnings per share for the current 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.
Featured Articles
Before you consider Sony Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sony Group wasn't on the list.
While Sony Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
