Sony Group Co. (NYSE:SONY) Shares Acquired by Americana Partners LLC

Americana Partners LLC raised its position in shares of Sony Group Co. (NYSE:SONY) by 399.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,772 shares of the company’s stock after purchasing an additional 21,407 shares during the period. Americana Partners LLC’s holdings in Sony Group were worth $566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its stake 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. grew its position 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 in the last quarter. Mediolanum International Funds Ltd bought a new position in Sony Group in the 3rd quarter valued at about $109,462,000. Cambiar Investors LLC raised its position in shares of Sony Group by 548.9% during the 4th quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock worth $22,414,000 after buying an additional 896,013 shares in the last quarter. Finally, Pictet North America Advisors SA lifted its stake in shares of 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 acquiring an additional 813,429 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

Sony Group stock opened at $24.16 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market cap of $146.08 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $24.25. The firm’s 50 day simple moving average is $21.52 and its 200-day simple moving average is $15.43.

Sony Group (NYSE:SONY) last released its 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 return on equity of 14.27% and a net margin of 8.55%. The company had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. As a group, equities research analysts predict that Sony Group Co. will post 1.21 EPS for the current year.

Analysts Set New Price Targets

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

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.