Sony Group Co. (NYSE:SONY) Stake Increased by Stephens Inc. AR

Stephens Inc. AR grew its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 371.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,303 shares of the company's stock after buying an additional 11,266 shares during the period. Stephens Inc. AR's holdings in Sony Group were worth $303,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SONY. Creative Planning boosted its position in Sony Group by 6.6% during the third quarter. Creative Planning now owns 303,295 shares of the company's stock worth $29,289,000 after acquiring an additional 18,659 shares during the last quarter. Stonegate Investment Group LLC purchased a new position in shares of Sony Group during the 3rd quarter worth $251,000. Stratos Wealth Advisors LLC acquired a new stake in shares of Sony Group during the third quarter worth $220,000. Blue Trust Inc. grew its position in shares of Sony Group by 64.4% in the third quarter. Blue Trust Inc. now owns 5,662 shares of the company's stock valued at $547,000 after purchasing an additional 2,217 shares during the period. Finally, Raymond James & Associates increased its stake in Sony Group by 4.1% in the third quarter. Raymond James & Associates now owns 286,528 shares of the company's stock valued at $27,670,000 after purchasing an additional 11,268 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Up 0.9 %

SONY stock traded up $0.22 during trading on Wednesday, reaching $24.74. 3,679,190 shares of the stock traded hands, compared to its average volume of 3,927,644. The business's 50 day moving average price is $21.58 and its 200-day moving average price is $15.58. The firm has a market capitalization of $149.59 billion, a PE ratio of 20.08, a P/E/G ratio of 9.75 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 Co. has a 52-week low of $15.02 and a 52-week high of $24.88.

Sony Group (NYSE:SONY - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion during 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%. As a group, sell-side analysts forecast that Sony Group Co. will post 1.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SONY. Oppenheimer decreased their price target on Sony Group from $108.00 to $25.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. StockNews.com cut shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, 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. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $24.00.

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.