Sony Group (NYSE:SONY) Receives "Outperform" Rating from Oppenheimer

Sony Group (NYSE:SONY - Get Free Report)'s stock had its "outperform" rating reaffirmed by analysts at Oppenheimer in a report released on Thursday,Benzinga reports. They presently have a $33.00 price objective on the stock, up from their prior price objective of $25.00. Oppenheimer's price objective indicates a potential upside of 33.04% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. StockNews.com cut Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating on the stock. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sony Group presently has an average rating of "Buy" and an average price target of $28.00.

Sony Group Trading Down 0.5 %

NYSE SONY traded down $0.12 during mid-day trading on Thursday, hitting $24.81. The company's stock had a trading volume of 5,048,137 shares, compared to its average volume of 3,950,445. The firm has a market capitalization of $150.01 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96. 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 has a 52-week low of $15.02 and a 52-week high of $25.29. The stock's fifty day simple moving average is $21.74 and its two-hundred day simple moving average is $15.86.

Sony Group (NYSE:SONY - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Research analysts expect that Sony Group will post 1.22 EPS for the current year.

Hedge Funds Weigh In On Sony Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners lifted 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 acquiring an additional 927 shares in the last quarter. Capital Analysts LLC raised its position in shares of Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after purchasing an additional 936 shares in the last quarter. General Partner Inc. boosted its stake in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after buying an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group during the 4th quarter valued at approximately $26,000. Finally, Fairscale Capital LLC grew its position in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after buying an additional 992 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

About Sony Group

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.