NewEdge Advisors LLC increased its stake in Sony Group Co. (NYSE:SONY - Free Report) by 535.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,092 shares of the company's stock after buying an additional 40,529 shares during the quarter. NewEdge Advisors LLC's holdings in Sony Group were worth $1,018,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Insigneo Advisory Services LLC grew its stake in Sony Group by 356.6% during the 4th quarter. Insigneo Advisory Services LLC now owns 23,298 shares of the company's stock valued at $493,000 after purchasing an additional 18,195 shares in the last quarter. NFJ Investment Group LLC grew its stake in Sony Group by 70.2% during the 4th quarter. NFJ Investment Group LLC now owns 19,820 shares of the company's stock valued at $419,000 after purchasing an additional 8,176 shares in the last quarter. Evergreen Capital Management LLC grew its stake in Sony Group by 459.7% during the 4th quarter. Evergreen Capital Management LLC now owns 47,127 shares of the company's stock valued at $997,000 after purchasing an additional 38,707 shares in the last quarter. Operose Advisors LLC grew its stake in Sony Group by 400.0% during the 4th quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock valued at $32,000 after purchasing an additional 1,216 shares in the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in Sony Group by 410.2% during the 4th quarter. United Capital Financial Advisors LLC now owns 60,724 shares of the company's stock valued at $1,285,000 after purchasing an additional 48,822 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.
Sony Group Stock Performance
Shares of NYSE SONY traded up $0.29 during mid-day trading on Wednesday, hitting $26.04. The company had a trading volume of 6,359,953 shares, compared to its average volume of 4,223,847. The stock has a market cap of $157.48 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $26.08. 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 firm's 50 day simple moving average is $24.20 and its two-hundred day simple moving average is $21.79.
Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. The business 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%. As a group, equities research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on SONY. Oppenheimer restated an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They set a "buy" rating on the stock. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a report on Monday, April 7th. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sony Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.
Read Our Latest Stock Analysis on SONY
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.
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