Syon Capital LLC increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 468.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,290 shares of the company's stock after acquiring an additional 17,544 shares during the quarter. Syon Capital LLC's holdings in Sony Group were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the company. FCA Corp TX lifted its position in Sony Group by 22.5% in the fourth 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 boosted its position 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 buying an additional 927 shares in the last quarter. Fairscale Capital LLC grew its position in shares of 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 purchasing an additional 992 shares during the last quarter. General Partner Inc. grew its holdings in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after buying an additional 996 shares during the last quarter. Finally, Accent Capital Management LLC raised its stake in Sony Group by 400.0% in the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after purchasing an additional 1,104 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.
Sony Group Stock Up 1.3 %
NYSE SONY traded up $0.32 during trading hours on Monday, hitting $25.29. The company had a trading volume of 8,670,986 shares, compared to its average volume of 4,192,599. The firm's 50 day moving average is $24.15 and its 200 day moving average is $21.69. 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 fifty-two week low of $15.02 and a fifty-two week high of $25.78. The company has a market capitalization of $152.95 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 9.95 and a beta of 0.94.
Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings data 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. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. Sell-side analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on SONY. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating for the company. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating on the stock. 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 report on Thursday, February 20th. Two equities research 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 company's stock. According to data from MarketBeat, Sony Group currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.
Read Our Latest Analysis on Sony Group
Sony Group Company Profile
(
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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