Wealthfront Advisers LLC acquired a new stake in Sony Group Co. (NYSE:SONY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 39,622 shares of the company's stock, valued at approximately $838,000.
A number of other institutional investors have also added to or reduced their stakes in SONY. Fisher Asset Management LLC grew its stake in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after acquiring an additional 36,783,737 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Sony Group in the fourth quarter worth $36,964,000. Cardinal Capital Management Inc. boosted its holdings in Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock worth $33,986,000 after acquiring an additional 1,287,259 shares in the last quarter. Cambiar Investors LLC lifted its holdings in shares of Sony Group by 548.9% during the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company's stock valued at $22,414,000 after purchasing an additional 896,013 shares in the last quarter. Finally, Pictet North America Advisors SA lifted its holdings in shares of Sony Group by 333.4% during the fourth quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company's stock valued at $22,375,000 after purchasing an additional 813,429 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.
Sony Group Stock Performance
SONY traded up $0.44 during midday trading on Wednesday, reaching $24.96. The company had a trading volume of 10,750,265 shares, compared to its average volume of 3,763,789. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average of $22.81 and a two-hundred day moving average of $18.51. The company has a market cap of $150.92 billion, a P/E ratio of 20.26, a P/E/G ratio of 9.95 and a beta of 0.91. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.64.
Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, equities research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on SONY. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein started coverage on Sony Group in a 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, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sony Group has a consensus rating of "Buy" and an average target price of $28.00.
Read Our Latest Research Report 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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