Peapack Gladstone Financial Corp Buys Shares of 2,752 Sony Group Co. (NYSE:SONY)

Peapack Gladstone Financial Corp bought a new stake in Sony Group Co. (NYSE:SONYFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,752 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CVA Family Office LLC purchased a new stake in shares of Sony Group during the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC purchased a new stake in shares of Sony Group during the 4th quarter valued at approximately $31,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Sony Group during the 4th quarter valued at approximately $34,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Sony Group during the 4th quarter valued at approximately $39,000. Finally, JFS Wealth Advisors LLC increased its holdings in Sony Group by 24.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after acquiring an additional 108 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on SONY shares. StockNews.com raised shares of Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Macquarie lowered shares of Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $108.00 target price on shares of Sony Group in a report on Monday, February 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sony Group has an average rating of “Moderate Buy” and a consensus price target of $108.00.

View Our Latest Stock Report on SONY

Sony Group Price Performance

Shares of Sony Group stock opened at $85.45 on Friday. Sony Group Co. has a 52-week low of $75.11 and a 52-week high of $100.94. The stock has a market capitalization of $105.46 billion, a price-to-earnings ratio of 15.71 and a beta of 0.95. The company has a fifty day moving average of $82.60 and a 200-day moving average of $88.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.66.

Sony Group (NYSE:SONYGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. The business had revenue of $23.45 billion during the quarter, compared to analysts’ expectations of $18.97 billion. Sony Group had a net margin of 7.95% and a return on equity of 13.05%. During the same quarter in the prior year, the company posted $0.78 EPS. Equities research analysts expect that Sony Group Co. will post 5.61 EPS for the current year.

Sony Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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