Stephens Inc. AR Boosts Stock Position in Sony Group Co. (NYSE:SONY)

Stephens Inc. AR grew its stake in shares of Sony Group Co. (NYSE:SONY) by 371.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,303 shares of the company’s stock after acquiring an additional 11,266 shares during the period. Stephens Inc. AR’s holdings in Sony Group were worth $303,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co raised its position in shares of Sony Group by 13.4% in the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock worth $479,000 after buying an additional 585 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Sony Group by 14.9% in the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock worth $447,000 after buying an additional 599 shares in the last quarter. West Family Investments Inc. raised its position in shares of Sony Group by 13.0% in the third quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock worth $524,000 after buying an additional 623 shares in the last quarter. Waldron Private Wealth LLC raised its position in shares of Sony Group by 3.3% in the third quarter. Waldron Private Wealth LLC now owns 19,763 shares of the company’s stock worth $1,909,000 after buying an additional 629 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after buying an additional 716 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SONY. Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer reduced their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $24.00.

Sony Group Stock Up 4.2 %

SONY opened at $24.16 on Friday. The stock has a market cap of $146.08 billion, a PE ratio of 19.77, a P/E/G ratio of 11.46 and a beta of 0.96. 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 Co. has a 52 week low of $15.02 and a 52 week high of $24.25. The business’s fifty day simple moving average is $21.46 and its 200 day simple moving average is $15.20.

Sony Group (NYSE:SONY) last released its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The business 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 14.27% and a net margin of 8.55%. As a group, research analysts expect that Sony Group Co. will post 1.21 earnings per share for the current fiscal year.

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.