Sagespring Wealth Partners LLC bought a new position in shares of Sony Group Co. (NYSE:SONY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,204 shares of the company's stock, valued at approximately $470,000.
Several other hedge funds have also modified their holdings of the company. Silicon Valley Capital Partners lifted its holdings in shares of 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 purchasing an additional 927 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Sony Group in the 4th quarter valued at about $26,000. Fairscale Capital LLC increased its position 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 in the last quarter. General Partner Inc. grew its holdings in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock worth $26,000 after buying an additional 996 shares in the last quarter. Finally, Accent Capital Management LLC raised its holdings 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 acquiring an additional 1,104 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.
Sony Group Trading Down 1.2 %
SONY traded down $0.29 during midday trading on Monday, hitting $23.73. The company's stock had a trading volume of 510,530 shares, compared to its average volume of 4,153,460. The firm has a market cap of $143.48 billion, a P/E ratio of 19.26, a PEG ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.78. 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 firm has a 50-day moving average price of $24.05 and a two-hundred day moving average price of $21.49.
Sony Group (NYSE:SONY - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $24.32 billion. On average, research analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on SONY shares. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. The Goldman Sachs Group initiated coverage on Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.00.
Read Our Latest Research Report on Sony Group
Sony Group Company 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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