Sony Group (NYSE:SONY) Sees Large Volume Increase - Here's What Happened

Sony Group Co. (NYSE:SONY - Get Free Report) saw strong trading volume on Monday . 4,877,318 shares were traded during mid-day trading, an increase of 20% from the previous session's volume of 4,070,174 shares.The stock last traded at $24.40 and had previously closed at $24.10.

Analyst Ratings Changes

A number of equities analysts have recently commented on SONY shares. Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating on the stock. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $28.00.

Sony Group Trading Up 1.5 %

The stock has a market capitalization of $152.72 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The stock's fifty day moving average price is $22.98 and its two-hundred day moving average price is $18.60. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

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Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings results 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 net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Equities research analysts forecast that Sony Group Co. will post 1.23 EPS for the current year.

Institutional Trading of Sony Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Silicon Valley Capital Partners boosted its holdings 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 worth $25,000 after purchasing an additional 927 shares during the period. Capital Analysts LLC lifted its holdings in Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after buying an additional 936 shares during the period. General Partner Inc. grew its position in shares of Sony Group by 400.0% in 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 shares of Sony Group during the fourth quarter valued at approximately $26,000. Finally, Fairscale Capital LLC raised its holdings 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 valued at $26,000 after acquiring an additional 992 shares in the last quarter. 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.