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Bleakley Financial Group LLC purchased a new stake in shares of Sony Group Co. (NYSE:SONY – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,761 shares of the company’s stock, valued at approximately $363,000.
A number of other hedge funds also recently bought and sold shares of the business. Cetera Advisor Networks LLC increased its position in Sony Group by 31.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 4,306 shares of the company’s stock valued at $442,000 after purchasing an additional 1,039 shares during the period. BlackRock Inc. increased its position in shares of Sony Group by 0.8% during the first quarter. BlackRock Inc. now owns 1,510,796 shares of the company’s stock valued at $155,174,000 after buying an additional 11,272 shares during the period. Cibc World Market Inc. raised its stake in Sony Group by 4.5% in the first quarter. Cibc World Market Inc. now owns 28,862 shares of the company’s stock worth $2,964,000 after buying an additional 1,237 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Sony Group by 12.8% in the first quarter. Cetera Investment Advisers now owns 6,265 shares of the company’s stock worth $643,000 after buying an additional 711 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Sony Group by 46.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,494 shares of the company’s stock worth $564,000 after acquiring an additional 1,736 shares during the period. Hedge funds and other institutional investors own 7.74% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. StockNews.com started coverage on Sony Group in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Cowen raised their price objective on Sony Group from $102.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $115.00.
Sony Group Stock Down 1.5 %
Shares of NYSE:SONY opened at $92.44 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.46 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $88.96 and a two-hundred day simple moving average of $84.05. Sony Group Co. has a 12-month low of $61.72 and a 12-month high of $95.70. The stock has a market capitalization of $114.07 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 3.33 and a beta of 1.06.
Sony Group (NYSE:SONY – Get Rating) last issued its quarterly earnings results on Friday, April 28th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.22. The firm had revenue of $23.17 billion during the quarter, compared to the consensus estimate of $22.99 billion. Sony Group had a return on equity of 13.43% and a net margin of 8.08%. On average, research analysts anticipate that Sony Group Co. will post 5.97 earnings per share for the current fiscal year.
About Sony Group
Sony Group Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and Others.
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