Aljian Capital Management LLC Boosts Stake in Sony Group Co. (NYSE:SONY)

Aljian Capital Management LLC increased its position in Sony Group Co. (NYSE:SONY) by 400.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,630 shares of the company’s stock after purchasing an additional 12,504 shares during the quarter. Aljian Capital Management LLC’s holdings in Sony Group were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Silicon Valley Capital Partners raised its holdings in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after purchasing an additional 927 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group in the 4th quarter worth about $26,000. General Partner Inc. increased its stake in shares of Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after acquiring an additional 996 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after acquiring an additional 716 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after acquiring an additional 1,204 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Trading Down 1.7 %

Shares of NYSE SONY opened at $21.97 on Thursday. The firm’s 50 day moving average price is $21.35 and its 200-day moving average price is $14.92. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $23.05. 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 $132.87 billion, a PE ratio of 17.98, a P/E/G ratio of 11.46 and a beta of 0.96.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.27% and a net margin of 8.55%. On average, equities research analysts expect that Sony Group Co. will post 1.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SONY shares. Oppenheimer decreased their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $24.00.

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.