Sony Group (NYSE:SONY) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Sony Group (NYSE:SONY) in a research report report published on Tuesday. The brokerage issued a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Oppenheimer restated an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sony Group currently has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Trading Down 0.1 %

NYSE SONY opened at $25.24 on Tuesday. The stock has a market cap of $152.64 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. Sony Group has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The stock has a 50 day simple moving average of $23.28 and a two-hundred day simple moving average of $19.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, analysts forecast that Sony Group will post 1.23 earnings per share for the current year.

Hedge Funds Weigh In On Sony Group

Several institutional investors and hedge funds have recently modified their holdings of SONY. Silicon Valley Capital Partners increased its stake in 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 in the last quarter. Capital Analysts LLC grew its holdings in shares of Sony Group by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after buying an additional 936 shares during the last quarter. General Partner Inc. increased its position in shares of 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 acquiring an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Sony Group in the 4th quarter worth approximately $26,000. Finally, Fairscale Capital LLC lifted its position in Sony Group by 400.0% in the 4th 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. 14.05% of the stock is currently owned by institutional investors.

About Sony Group

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.