Sony Group Co. (NYSE:SONY) Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 384.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 484,137 shares of the company’s stock after buying an additional 384,243 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Sony Group were worth $10,244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Fisher Asset Management LLC lifted its position in shares of Sony Group by 12.7% in the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after purchasing an additional 972,075 shares in the last quarter. Cardinal Capital Management Inc. increased its stake in Sony Group by 403.7% in the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after buying an additional 1,287,259 shares during the period. Cambiar Investors LLC increased its stake in Sony Group by 548.9% in the 4th quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock valued at $22,414,000 after buying an additional 896,013 shares during the period. Pictet North America Advisors SA lifted its position in Sony Group by 333.4% in the 4th quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock worth $22,375,000 after buying an additional 813,429 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its stake in shares of Sony Group by 255.7% during the 4th quarter. Alberta Investment Management Corp now owns 1,000,000 shares of the company’s stock valued at $21,160,000 after buying an additional 718,840 shares during the period. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Stock Performance

SONY opened at $25.04 on Friday. 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 company has a market cap of $151.40 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96. The stock has a 50-day moving average of $22.05 and a 200-day moving average of $16.46. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.64.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 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 company had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. As a group, equities research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on SONY shares. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. Finally, Oppenheimer reissued an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Sony Group presently has a consensus rating of “Buy” and an average price target of $28.00.

Sony Group Company 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.