Sony Group (NYSE:SONY) Now Covered by The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group began coverage on shares of Sony Group (NYSE:SONY - Get Free Report) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a "buy" rating on the stock.

Other equities analysts also recently issued reports about the stock. Oppenheimer restated an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. Finally, StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $28.00.

Sony Group Trading Down 2.1 %

Shares of SONY traded down $0.54 during mid-day trading on Tuesday, reaching $25.11. 5,571,122 shares of the company's stock traded hands, compared to its average volume of 3,973,475. Sony Group has a 12 month low of $15.02 and a 12 month high of $25.78. 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 stock has a market cap of $151.83 billion, a P/E ratio of 20.38, a P/E/G ratio of 9.95 and a beta of 0.91. The stock's 50-day moving average is $23.58 and its two-hundred day moving average is $19.50.

Remove Ads

Sony Group (NYSE:SONY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Research analysts forecast that Sony Group will post 1.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sony Group

Hedge funds have recently modified their holdings of the business. Primecap Management Co. CA lifted its holdings in Sony Group by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after buying an additional 80,724,932 shares during the period. Aristotle Capital Management LLC lifted its stake in shares of Sony Group by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after purchasing an additional 42,083,842 shares during the last quarter. Fisher Asset Management LLC boosted its position in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after purchasing an additional 36,783,737 shares in the last quarter. Bank of America Corp DE grew its stake in Sony Group by 377.7% in the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after purchasing an additional 18,821,902 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its holdings in Sony Group by 377.2% in the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock worth $218,382,000 after purchasing an additional 8,157,776 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Company Profile

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.