Fiduciary Trust Co boosted its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 488.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,227 shares of the company's stock after acquiring an additional 24,262 shares during the quarter. Fiduciary Trust Co's holdings in Sony Group were worth $618,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd increased its position in Sony Group by 400.0% during the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after acquiring an additional 28,852 shares during the last quarter. Bfsg LLC purchased a new stake in Sony Group in the fourth quarter worth about $6,125,000. Fifth Third Bancorp increased its position in Sony Group by 311.3% in the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after buying an additional 119,362 shares in the last quarter. Forum Financial Management LP increased its position in Sony Group by 536.0% in the fourth quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock worth $2,439,000 after buying an additional 97,130 shares in the last quarter. Finally, West Family Investments Inc. increased its position in Sony Group by 392.9% in the fourth quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock worth $566,000 after buying an additional 21,303 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.
Sony Group Stock Performance
NYSE:SONY opened at $24.70 on Monday. Sony Group Co. has a 12-month low of $15.19 and a 12-month high of $26.08. The stock has a 50-day moving average price of $24.22 and a 200 day moving average price of $22.17. 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 capitalization of $149.38 billion, a P/E ratio of 20.05, a P/E/G ratio of 9.95 and a beta of 0.97.
Sony Group (NYSE:SONY - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share 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. Equities research analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.
Wall Street Analyst Weigh In
SONY has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating on the stock. StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Oppenheimer reissued an "outperform" rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.00.
Read Our Latest Stock Report on SONY
Sony Group Company 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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