Sony Group Target of Unusually High Options Trading (NYSE:SONY)

Sony Group Co. (NYSE:SONY) saw unusually large options trading on Wednesday. Traders bought 6,438 call options on the company. This is an increase of approximately 99% compared to the average volume of 3,238 call options.

Institutional Trading of Sony Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Silicon Valley Capital Partners lifted its position in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after buying an additional 927 shares during the last quarter. Capital Analysts LLC boosted its position in Sony Group by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after acquiring an additional 936 shares in the last quarter. General Partner Inc. lifted its position in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after buying an additional 996 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group during the fourth quarter valued at approximately $26,000. Finally, Fairscale Capital LLC increased its holdings in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after acquiring an additional 992 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

NYSE:SONY opened at $25.26 on Friday. 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 has a twelve month low of $15.02 and a twelve month high of $26.08. The company has a fifty day moving average of $24.21 and a 200-day moving average of $21.83. The firm has a market capitalization of $152.77 billion, a P/E ratio of 20.50, a P/E/G ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY) last announced its earnings results 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. The company had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, sell-side analysts anticipate that Sony Group will post 1.23 EPS for the current year.

Analysts Set New Price Targets

SONY has been the topic of a number of research reports. Oppenheimer restated an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Wolfe Research reaffirmed a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Sony Group in a research note on Tuesday, March 25th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

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.