J. Safra Sarasin Holding AG Increases Holdings in Sony Group Co. (NYSE:SONY)

J. Safra Sarasin Holding AG raised its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 500.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,265 shares of the company's stock after purchasing an additional 114,410 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Sony Group were worth $2,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. FCA Corp TX grew its position in Sony Group by 22.5% in the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after acquiring an additional 900 shares during the last quarter. Silicon Valley Capital Partners raised its stake in Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after buying an additional 927 shares during the last quarter. Fairscale Capital LLC raised its stake in 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 buying an additional 992 shares during 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. Finally, Accent Capital Management LLC grew its holdings in Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after purchasing an additional 1,104 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SONY shares. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating on the stock. StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, The Goldman Sachs Group began coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Sony Group has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Sony Group Price Performance

NYSE SONY traded down $0.16 during trading hours on Friday, reaching $24.96. 2,602,143 shares of the stock traded hands, compared to its average volume of 4,174,612. The stock has a 50 day simple moving average of $24.15 and a two-hundred day simple moving average of $21.69. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.78. 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 company has a market cap of $150.95 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for 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, analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Sony Group Profile

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.