Sony Group Co. (NYSE:SONY) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in Sony Group Co. (NYSE:SONY) by 258.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,818 shares of the company’s stock after acquiring an additional 66,212 shares during the quarter. Vontobel Holding Ltd.’s holdings in Sony Group were worth $1,943,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SONY. Silicon Valley Capital Partners boosted its stake in shares of Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after buying an additional 927 shares during the period. General Partner Inc. boosted its stake in shares of Sony Group by 400.0% in the 4th 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 in the 4th quarter valued at about $26,000. Hilltop National Bank boosted its stake in shares of Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after buying an additional 1,174 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after purchasing an additional 1,204 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SONY has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer cut their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Trading Up 4.2 %

NYSE:SONY opened at $24.16 on Tuesday. The firm has a market cap of $146.08 billion, a P/E ratio of 19.77, a PEG ratio of 11.46 and a beta of 0.96. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $21.52 and its 200-day simple moving average is $15.43. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $24.25.

Sony Group (NYSE:SONY) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (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 analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.27% and a net margin of 8.55%. Equities analysts anticipate that Sony Group Co. will post 1.21 EPS for the current 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.