Sony Group Co. (NYSE:SONY - Get Free Report) was the target of some unusual options trading activity on Tuesday. Investors bought 4,322 call options on the stock. This represents an increase of 32% compared to the average daily volume of 3,277 call options.
Sony Group Price Performance
Shares of Sony Group stock traded up $0.03 on Friday, hitting $22.95. The company's stock had a trading volume of 4,791,142 shares, compared to its average volume of 4,154,818. The company has a market capitalization of $138.81 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. Sony Group has a 1 year low of $15.02 and a 1 year high of $25.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a fifty day moving average price of $23.94 and a 200-day moving average price of $21.10.
Sony Group (NYSE:SONY - Get Free Report) last announced its 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 return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. As a group, sell-side analysts anticipate that Sony Group will post 1.23 earnings per share for the current fiscal year.
Institutional Trading of Sony Group
Several institutional investors have recently modified their holdings of SONY. Silicon Valley Capital Partners boosted its holdings in 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 buying an additional 927 shares during the last quarter. Capital Analysts LLC boosted its stake in shares of Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after acquiring an additional 936 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group in the fourth quarter worth approximately $26,000. Fairscale Capital LLC increased 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 purchasing an additional 992 shares in the last quarter. Finally, General Partner Inc. raised its stake in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after purchasing an additional 996 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.
Wall Street Analyst Weigh In
SONY has been the subject of several recent research reports. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Oppenheimer reiterated an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. The Goldman Sachs Group assumed coverage on Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating for the company. Finally, StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sony Group presently has an average rating of "Moderate Buy" and a consensus price target of $28.00.
Check Out Our Latest Report on SONY
Sony Group Company Profile
(
Get Free Report)
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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