Sony Group Co. (NYSE:SONY) Stock Position Raised by Summitry LLC

Summitry LLC boosted its holdings in Sony Group Co. (NYSE:SONY) by 512.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,774 shares of the company’s stock after acquiring an additional 14,036 shares during the period. Summitry LLC’s holdings in Sony Group were worth $355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Primecap Management Co. CA grew its position in shares of 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 acquiring an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Sony Group by 425.9% during the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock valued at $961,089,000 after purchasing an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD grew its position in Sony Group by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock worth $223,039,000 after purchasing an additional 7,925,643 shares during the last quarter. Sei Investments Co. increased its stake in shares of Sony Group by 362.7% in the fourth quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock valued at $68,677,000 after purchasing an additional 2,544,193 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Sony Group by 384.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company’s stock valued at $65,323,000 after buying an additional 2,452,504 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SONY has been the topic of several analyst reports. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Sanford C. Bernstein initiated coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. The Goldman Sachs Group began coverage on shares of Sony Group in a report on Tuesday. They issued a “buy” rating for the company. Finally, Oppenheimer reissued an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Down 0.1 %

Shares of SONY stock opened at $25.24 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock has a market cap of $152.64 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The business’s fifty day moving average is $23.28 and its 200-day moving average is $19.26. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.64.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Equities analysts expect that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Sony Group 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.