3,927 Shares in Sony Group Co. (NYSE:SONY) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new stake in Sony Group Co. (NYSE:SONY) during the 4th quarter, Holdings Channel reports. The firm purchased 3,927 shares of the company’s stock, valued at approximately $83,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SONY. Cardinal Capital Management Inc. grew its stake in shares of Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after buying an additional 1,287,259 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in Sony Group in the third quarter valued at $109,462,000. Fisher Asset Management LLC grew its position in shares of Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after acquiring an additional 972,075 shares during the period. Cambiar Investors LLC increased its stake in shares of Sony Group by 548.9% during the 4th quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock worth $22,414,000 after purchasing an additional 896,013 shares during the last quarter. Finally, XY Capital Ltd raised its holdings in shares of Sony Group by 1,850.5% in the 4th quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock valued at $19,478,000 after purchasing an additional 873,339 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Down 0.5 %

Shares of SONY opened at $24.81 on Friday. The firm’s 50-day simple moving average is $21.74 and its 200 day simple moving average is $15.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a market cap of $150.01 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.29.

Sony Group (NYSE:SONY) last posted its earnings results on Thursday, February 13th. The company reported $0.41 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 the consensus estimate 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 Co. will post 1.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on SONY shares. Oppenheimer reissued an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research report on Thursday. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $28.00.

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.