American Trust Investment Advisors LLC grew its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 410.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 286,630 shares of the company's stock after purchasing an additional 230,433 shares during the period. Sony Group makes up 2.5% of American Trust Investment Advisors LLC's investment portfolio, making the stock its 10th largest holding. American Trust Investment Advisors LLC's holdings in Sony Group were worth $6,065,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Silicon Valley Capital Partners boosted its holdings in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after buying an additional 927 shares in the last quarter. Capital Analysts LLC boosted its stake in Sony Group by 400.0% during 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 in the last quarter. General Partner Inc. grew its holdings in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after purchasing an additional 996 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group during the fourth quarter valued at approximately $26,000. Finally, Fairscale Capital LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 992 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Oppenheimer restated an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating on the stock. Finally, Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $28.00.
Check Out Our Latest Stock Analysis on Sony Group
Sony Group Stock Performance
NYSE:SONY traded down $0.10 during mid-day trading on Monday, reaching $25.23. The company's stock had a trading volume of 5,592,132 shares, compared to its average volume of 4,269,883. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market cap of $152.58 billion, a P/E ratio of 20.48, a PEG ratio of 9.95 and a beta of 0.97. The firm's fifty day moving average price is $24.21 and its two-hundred day moving average price is $21.97. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $26.08.
Sony Group (NYSE:SONY - Get Free Report) last announced 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. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. On average, equities analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.
Sony Group Profile
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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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