Sony Group (NYSE:SONY) Sets New 1-Year High - Here's What Happened

Sony Group Co. (NYSE:SONY - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $25.90 and last traded at $25.72, with a volume of 1995673 shares traded. The stock had previously closed at $25.28.

Wall Street Analysts Forecast Growth

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

Sony Group Trading Down 0.1 %

The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market cap of $152.79 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. The business's fifty day moving average is $24.21 and its two-hundred day moving average is $21.83.

Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The company 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%. Equities analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of Sony Group

A number of large investors have recently made changes to their positions in SONY. Y.D. More Investments Ltd raised its position in shares of Sony Group by 400.0% during the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after purchasing an additional 28,852 shares during the period. Bfsg LLC acquired a new position in shares of Sony Group in the fourth quarter valued at approximately $6,125,000. Fifth Third Bancorp increased its position in shares of Sony Group by 311.3% during the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after acquiring an additional 119,362 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of Sony Group by 536.0% during the fourth quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock worth $2,439,000 after acquiring an additional 97,130 shares during the period. Finally, West Family Investments Inc. boosted its stake in Sony Group by 392.9% in the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock worth $566,000 after purchasing an additional 21,303 shares during the period. Institutional investors own 14.05% of the company's stock.

Sony Group Company 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.