Bailard Inc. Acquires 120,552 Shares of Sony Group Co. (NYSE:SONY)

Bailard Inc. raised its holdings in Sony Group Co. (NYSE:SONY) by 289.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 162,212 shares of the company’s stock after purchasing an additional 120,552 shares during the quarter. Bailard Inc.’s holdings in Sony Group were worth $3,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SONY. Y.D. More Investments Ltd boosted its stake in Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after buying an additional 28,852 shares in the last quarter. Bfsg LLC bought a new position in shares of Sony Group in the fourth quarter worth about $6,125,000. Fifth Third Bancorp boosted its stake in shares of Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock valued at $3,337,000 after purchasing an additional 119,362 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its holdings in shares of Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock valued at $854,000 after purchasing an additional 32,725 shares during the last quarter. Finally, One Wealth Advisors LLC lifted its stake in Sony Group by 400.9% in the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company’s stock valued at $729,000 after purchasing an additional 27,593 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 0.1 %

Shares of NYSE SONY opened at $25.05 on Monday. The stock has a market cap of $151.49 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. The firm has a 50 day moving average price of $22.13 and a two-hundred day moving average price of $16.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.64.

Sony Group (NYSE:SONY) last posted 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. The business had revenue of $28.95 billion during 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 analysts forecast that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Ratings Changes

SONY has been the topic of a number of research reports. Oppenheimer reaffirmed 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. Sanford C. Bernstein assumed coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $28.00.

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.