Charles Schwab Investment Management Inc. Raises Stock Position in Sony Group Co. (NYSE:SONY)

Charles Schwab Investment Management Inc. boosted its holdings in Sony Group Co. (NYSE:SONY) by 507.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 481,130 shares of the company’s stock after buying an additional 401,919 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Sony Group were worth $10,181,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Silicon Valley Capital Partners boosted its holdings in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group during the 4th quarter valued at about $26,000. General Partner Inc. boosted its holdings in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Sony Group by 106.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock valued at $134,000 after purchasing an additional 716 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its holdings in shares of Sony Group by 400.0% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 1,500 shares of the company’s stock valued at $32,000 after purchasing an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SONY. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $28.00.

Sony Group Stock Up 1.5 %

Shares of NYSE:SONY opened at $25.25 on Friday. 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 company has a market cap of $152.72 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.64. The company has a 50-day moving average price of $23.08 and a 200 day moving average price of $18.85.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, equities research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

Sony Group 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.