J. Safra Sarasin Holding AG Purchases 114,410 Shares of Sony Group Co. (NYSE:SONY)

J. Safra Sarasin Holding AG increased its position in shares of Sony Group Co. (NYSE:SONY) by 500.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,265 shares of the company’s stock after purchasing an additional 114,410 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Sony Group were worth $2,905,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SONY. Y.D. More Investments Ltd increased its holdings in Sony Group by 400.0% during the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after purchasing an additional 28,852 shares in the last quarter. Bfsg LLC bought a new position in shares of Sony Group in the fourth quarter valued at about $6,125,000. Fifth Third Bancorp lifted its position in Sony Group by 311.3% during the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock worth $3,337,000 after buying an additional 119,362 shares in the last quarter. West Family Investments Inc. increased its position in Sony Group by 392.9% in the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company’s stock valued at $566,000 after acquiring an additional 21,303 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC raised its stake in shares of Sony Group by 430.0% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after acquiring an additional 32,725 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Down 1.2 %

Shares of NYSE SONY opened at $23.73 on Tuesday. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.78. 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 $143.51 billion, a P/E ratio of 19.26, a P/E/G ratio of 9.95 and a beta of 0.94. The firm has a 50 day moving average price of $24.08 and a 200 day moving average price of $21.52.

Sony Group (NYSE:SONY) last issued its quarterly earnings data 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 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 the consensus estimate of $24.32 billion. Analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Sony Group

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.