Aquatic Capital Management LLC Invests $1.20 Million in Sony Group Co. (NYSE:SONY)

Aquatic Capital Management LLC purchased a new stake in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 56,574 shares of the company’s stock, valued at approximately $1,197,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Primecap Management Co. CA raised its holdings in shares of Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares in the last quarter. Fisher Asset Management LLC raised its stake in Sony Group by 425.9% in the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after buying an additional 36,783,737 shares in the last quarter. Fiduciary Management Inc. WI boosted its position in Sony Group by 377.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company’s stock valued at $218,382,000 after acquiring an additional 8,157,776 shares in the last quarter. Mondrian Investment Partners LTD increased its holdings in shares of Sony Group by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock valued at $223,039,000 after acquiring an additional 7,925,643 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Sony Group by 401.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company’s stock worth $151,119,000 after acquiring an additional 5,718,378 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SONY has been the topic of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Wolfe Research reaffirmed a “peer perform” rating on shares of Sony Group in a report on Monday, April 7th. Finally, The Goldman Sachs Group initiated coverage on Sony Group in a research report on Tuesday, March 25th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Sony Group Price Performance

Shares of SONY opened at $25.75 on Wednesday. The firm has a market capitalization of $155.73 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. 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 company’s fifty day moving average price is $24.18 and its 200-day moving average price is $21.76. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $26.40.

Sony Group (NYSE:SONY) last announced its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $24.32 billion. On average, equities research analysts predict that Sony Group Co. will post 1.23 EPS for the current 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.