LMR Partners LLP purchased a new stake in shares of Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,119,760 shares of the company's stock, valued at approximately $44,854,000. Sony Group comprises approximately 0.4% of LMR Partners LLP's holdings, making the stock its 21st largest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Primecap Management Co. CA boosted its stake in Sony Group by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after buying an additional 80,724,932 shares during the period. Aristotle Capital Management LLC boosted its stake in shares of Sony Group by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after purchasing an additional 42,083,842 shares during the period. Fisher Asset Management LLC raised its position in Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after purchasing an additional 36,783,737 shares during the period. Bank of America Corp DE lifted its stake in Sony Group by 377.7% in the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock worth $503,713,000 after purchasing an additional 18,821,902 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in shares of Sony Group by 377.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock valued at $218,382,000 after buying an additional 8,157,776 shares during the period. 14.05% of the stock is owned by institutional investors.
Sony Group Stock Down 0.8%
SONY traded down $0.20 during trading on Friday, hitting $24.67. The stock had a trading volume of 3,606,977 shares, compared to its average volume of 4,251,731. The stock has a 50 day simple moving average of $24.29 and a two-hundred day simple moving average of $22.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a twelve month low of $15.67 and a twelve month high of $26.08. The company has a market capitalization of $149.18 billion, a PE ratio of 20.02, a PEG ratio of 9.95 and a beta of 0.97.
Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.09. The company had revenue of $17.25 billion for the quarter, compared to analyst estimates of $2,995.71 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.
Analysts Set New Price Targets
SONY has been the subject of a number of recent analyst reports. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. The Goldman Sachs Group initiated coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a "buy" rating for the company. StockNews.com raised shares of Sony Group from a "hold" rating to a "buy" rating in a research note on Wednesday. Oppenheimer reissued an "outperform" rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating for the company. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sony Group currently has a consensus rating of "Buy" and an average target price of $28.00.
View Our Latest Stock Report on Sony Group
About Sony Group
(
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.
Further Reading
Before you consider Sony Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sony Group wasn't on the list.
While Sony Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
