Thrivent Financial for Lutherans raised its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 384.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,090,160 shares of the company's stock after buying an additional 2,452,504 shares during the period. Thrivent Financial for Lutherans owned approximately 0.05% of Sony Group worth $65,323,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Primecap Management Co. CA boosted its holdings in Sony Group by 379.5% in the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares during the period. Fisher Asset Management LLC raised its position in Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after purchasing an additional 36,783,737 shares in the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of Sony Group by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after buying an additional 7,925,643 shares during the period. Natixis Advisors LLC grew its position in shares of Sony Group by 525.1% during the fourth quarter. Natixis Advisors LLC now owns 2,206,912 shares of the company's stock worth $46,698,000 after buying an additional 1,853,871 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Sony Group during the fourth quarter worth approximately $36,964,000. Institutional investors and hedge funds own 14.05% of the company's stock.
Sony Group Stock Up 0.1 %
Shares of NYSE:SONY traded up $0.02 during trading on Monday, hitting $25.25. 13,638,991 shares of the company were exchanged, compared to its average volume of 3,905,366. 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 firm's 50 day moving average price is $23.08 and its 200-day moving average price is $18.95. The stock has a market capitalization of $152.72 billion, a P/E ratio of 20.50, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.64.
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 the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during 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%. On average, research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Oppenheimer reiterated an "outperform" rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sony Group has an average rating of "Buy" and a consensus price target of $28.00.
Read Our Latest Stock Report on SONY
About Sony Group
(
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.
Recommended Stories
Before you consider Sony Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sony Group wasn't on the list.
While Sony Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
