Sony Group Co. (NYSE:SONY) Stock Position Boosted by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its position in Sony Group Co. (NYSE:SONY) by 25.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,178 shares of the company’s stock after acquiring an additional 1,450 shares during the period. Bleakley Financial Group LLC’s holdings in Sony Group were worth $680,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Sony Group by 2,317.1% in the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock worth $5,127,000 after acquiring an additional 51,903 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Sony Group by 290.8% in the fourth quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock worth $4,175,000 after acquiring an additional 32,811 shares in the last quarter. XY Capital Ltd acquired a new stake in shares of Sony Group during the third quarter valued at approximately $876,000. Anchor Investment Management LLC purchased a new stake in shares of Sony Group in the 4th quarter valued at approximately $272,000. Finally, BKM Wealth Management LLC acquired a new position in Sony Group in the 4th quarter worth approximately $566,000. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Trading Down 0.1 %

NYSE:SONY opened at $83.97 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The company has a market capitalization of $103.64 billion, a P/E ratio of 16.21 and a beta of 0.98. The stock’s 50 day moving average price is $88.26 and its 200 day moving average price is $88.87. Sony Group Co. has a 52 week low of $79.62 and a 52 week high of $100.94.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.32. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The business had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. On average, research analysts forecast that Sony Group Co. will post 5.21 EPS for the current fiscal year.

Analysts Set New Price Targets

SONY has been the topic of several recent analyst reports. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Oppenheimer reaffirmed an “outperform” rating and set a $108.00 target price on shares of Sony Group in a research note on Monday, February 26th. Macquarie lowered shares of Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sony Group presently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

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.