Sony Group (NYSE:SONY) Reaches New 12-Month High - What's Next?

Sony Group Co. (NYSE:SONY - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $25.78 and last traded at $25.69, with a volume of 1199775 shares trading hands. The stock had previously closed at $25.50.

Analyst Upgrades and Downgrades

SONY has been the subject of several analyst reports. Oppenheimer reiterated an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. 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. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sony Group presently has a consensus rating of "Buy" and an average target price of $28.00.

Sony Group Stock Performance

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's 50-day moving average is $23.58 and its 200 day moving average is $19.72. The stock has a market cap of $153.82 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 9.95 and a beta of 0.91.

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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, beating analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Silicon Valley Capital Partners grew its holdings in shares of Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after acquiring an additional 927 shares during the period. Capital Analysts LLC grew its holdings in Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after purchasing an additional 936 shares during the last quarter. General Partner Inc. raised 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 worth $26,000 after buying an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Sony Group in the 4th quarter valued at about $26,000. Finally, Fairscale Capital LLC increased its holdings in Sony Group by 400.0% during the 4th 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. 14.05% of the stock is currently owned by institutional investors and hedge funds.

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.