Blueshift Asset Management LLC Has $1.07 Million Holdings in Sony Group Co. (NYSE:SONY)

Blueshift Asset Management LLC increased its holdings in shares of Sony Group Co. (NYSE:SONY) by 83.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,363 shares of the company’s stock after buying an additional 22,895 shares during the quarter. Blueshift Asset Management LLC’s holdings in Sony Group were worth $1,066,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new stake in shares of Sony Group in the 4th quarter valued at about $44,000. Chesapeake Capital Corp IL raised its stake in shares of Sony Group by 333.8% in the 4th quarter. Chesapeake Capital Corp IL now owns 10,976 shares of the company’s stock valued at $232,000 after purchasing an additional 8,446 shares during the period. Foresight Global Investors Inc. raised its stake in shares of Sony Group by 382.3% in the 4th quarter. Foresight Global Investors Inc. now owns 1,119,165 shares of the company’s stock valued at $23,682,000 after purchasing an additional 887,121 shares during the period. Boston Partners raised its stake in shares of Sony Group by 464.1% in the 4th quarter. Boston Partners now owns 243,370 shares of the company’s stock valued at $5,147,000 after purchasing an additional 200,226 shares during the period. Finally, Horizon Investments LLC raised its stake in shares of Sony Group by 402.1% in the 4th quarter. Horizon Investments LLC now owns 2,932 shares of the company’s stock valued at $62,000 after purchasing an additional 2,348 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Trading Up 1.8 %

Sony Group stock opened at $24.96 on Thursday. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.64. 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 stock has a market capitalization of $150.92 billion, a P/E ratio of 20.26, a PEG ratio of 9.95 and a beta of 0.91. The stock has a 50-day simple moving average of $22.90 and a 200 day simple moving average of $18.55.

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 the consensus estimate of $0.27 by $0.14. The firm 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%. Analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.