Barclays PLC raised its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 2,071.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,510 shares of the company's stock after buying an additional 69,170 shares during the quarter. Barclays PLC's holdings in Sony Group were worth $1,535,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. FCA Corp TX grew its holdings in shares of Sony Group by 22.5% during the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after buying an additional 900 shares in the last quarter. Silicon Valley Capital Partners lifted its position in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after purchasing an additional 927 shares in the last quarter. Fairscale Capital LLC boosted 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 worth $26,000 after purchasing an additional 992 shares during the period. Accent Capital Management LLC increased 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 buying an additional 1,104 shares during the period. Finally, Hilltop National Bank lifted its position in Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after buying an additional 1,174 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.
Sony Group Stock Performance
NYSE SONY traded down $0.03 during midday trading on Tuesday, hitting $25.22. The company had a trading volume of 5,293,681 shares, compared to its average volume of 4,276,236. 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 firm has a fifty day simple moving average of $24.21 and a two-hundred day simple moving average of $21.99. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $26.08. The stock has a market cap of $152.49 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 9.95 and a beta of 0.97.
Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. Equities analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.
Analysts Set New Price Targets
SONY has been the topic of a number of research reports. The Goldman Sachs Group assumed coverage on shares of Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating on the stock. 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 shares of Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Finally, Oppenheimer reissued an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. 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. Based on data from MarketBeat, Sony Group has a consensus rating of "Moderate Buy" and an average target price of $28.00.
Read Our Latest Research Report on Sony Group
Sony Group 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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