Sony Group Co. (NYSE:SONY) Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 390.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 90,986 shares of the company’s stock after purchasing an additional 72,417 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Sony Group were worth $1,925,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Blue Barn Wealth LLC grew its holdings in shares of Sony Group by 403.3% during the fourth quarter. Blue Barn Wealth LLC now owns 19,086 shares of the company’s stock worth $404,000 after buying an additional 15,294 shares during the last quarter. Lindbrook Capital LLC lifted its position in Sony Group by 419.5% during the 4th quarter. Lindbrook Capital LLC now owns 19,314 shares of the company’s stock worth $409,000 after acquiring an additional 15,596 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Sony Group in the 4th quarter valued at approximately $36,964,000. Cullen Frost Bankers Inc. increased its holdings in shares of Sony Group by 395.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 452,959 shares of the company’s stock valued at $9,585,000 after purchasing an additional 361,459 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Sony Group during the fourth quarter worth approximately $329,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Trading Down 1.1 %

Shares of SONY stock opened at $24.13 on Friday. The business’s fifty day moving average price is $22.39 and its 200 day moving average price is $17.19. The firm has a market capitalization of $145.90 billion, a PE ratio of 19.58, a P/E/G ratio of 9.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. As a group, sell-side analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SONY shares. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.