Bank Julius Baer & Co. Ltd Zurich Acquires New Stake in Sony Group Co. (NYSE:SONY)

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Sony Group Co. (NYSE:SONY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,744 shares of the company’s stock, valued at approximately $41,000.

Several other institutional investors have also bought and sold shares of SONY. Silicon Valley Capital Partners lifted its position in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after acquiring an additional 927 shares in the last quarter. General Partner Inc. lifted 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 worth $26,000 after acquiring an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group during the fourth quarter worth $26,000. Hilltop National Bank lifted its position in shares of Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 acquiring an additional 1,204 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SONY. Oppenheimer restated an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $28.00.

Sony Group Trading Up 0.4 %

Shares of SONY stock opened at $22.95 on Wednesday. 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 Co. has a 52-week low of $15.02 and a 52-week high of $25.64. The company has a market capitalization of $138.76 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The business’s fifty day moving average is $22.51 and its 200 day moving average is $17.80.

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

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.