Sony Group Co. (NYSE:SONY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 6,071,467 shares were traded during trading, an increase of 52% from the previous session's volume of 3,994,117 shares.The stock last traded at $24.76 and had previously closed at $25.39.
Wall Street Analyst Weigh In
SONY has been the topic of several recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. The Goldman Sachs Group started coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating on the stock. Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. Finally, StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One investment 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $28.00.
Check Out Our Latest Stock Report on SONY
Sony Group Trading Down 6.7 %
The firm has a market cap of $131.90 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 9.95 and a beta of 0.94. 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 company's 50 day simple moving average is $23.90 and its 200 day simple moving average is $20.20.
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. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. As a group, research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sony Group
Several institutional investors have recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. grew its holdings in shares of Sony Group by 23.2% during the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock worth $352,000 after purchasing an additional 751 shares during the last quarter. FCA Corp TX boosted its position in shares of Sony Group by 22.5% in the 4th quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after purchasing an additional 900 shares during the period. Silicon Valley Capital Partners grew its stake in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after buying an additional 927 shares during the last quarter. Capital Analysts LLC increased its position in Sony Group by 400.0% during the fourth 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. Finally, Fairscale Capital LLC lifted its stake in Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after buying an additional 992 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.
About Sony Group
(
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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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