Sony Group (NYSE:SONY) Now Covered by The Goldman Sachs Group

Research analysts at The Goldman Sachs Group initiated coverage on shares of Sony Group (NYSE:SONY) in a report issued on Tuesday. The firm set a “buy” rating on the stock.

Several other brokerages also recently weighed in on SONY. Sanford C. Bernstein began coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Trading Down 0.5 %

Shares of SONY traded down $0.12 during trading on Tuesday, reaching $25.16. 389,139 shares of the company traded hands, compared to its average volume of 3,905,282. The stock has a 50-day simple moving average of $23.18 and a 200-day simple moving average of $19.11. The stock has a market cap of $152.13 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. Sony Group has a twelve month low of $15.02 and a twelve month high of $25.64. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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. On average, analysts anticipate that Sony Group will post 1.23 earnings per share for the current year.

Institutional Trading of Sony Group

Several hedge funds and other institutional investors have recently made changes to their positions in SONY. Primecap Management Co. CA increased its stake in Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares in the last quarter. Aristotle Capital Management LLC raised its stake in shares of Sony Group by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company’s stock worth $1,116,653,000 after buying an additional 42,083,842 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after buying an additional 36,783,737 shares in the last quarter. Bank of America Corp DE grew its stake in Sony Group by 377.7% in the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company’s stock valued at $503,713,000 after acquiring an additional 18,821,902 shares during the last quarter. Finally, Fiduciary Management Inc. WI increased its holdings in Sony Group by 377.2% during the 4th quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company’s stock valued at $218,382,000 after acquiring an additional 8,157,776 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

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.