Thrivent Financial for Lutherans Raises Stock Position in Sony Group Co. (NYSE:SONY)

Thrivent Financial for Lutherans lifted its position in Sony Group Co. (NYSE:SONY) by 384.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,090,160 shares of the company’s stock after purchasing an additional 2,452,504 shares during the period. Thrivent Financial for Lutherans owned 0.05% of Sony Group worth $65,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Silicon Valley Capital Partners grew its position 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 worth $25,000 after buying an additional 927 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Sony Group during the 4th quarter valued at about $26,000. Fairscale Capital LLC raised its holdings in shares of 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 purchasing an additional 992 shares in the last quarter. General Partner Inc. lifted its position in shares of Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after purchasing an additional 996 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Sony Group by 106.2% during the third 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 in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of SONY opened at $24.96 on Thursday. The company has a 50 day moving average of $22.90 and a two-hundred day moving average of $18.55. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. The company has a market cap of $150.92 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share 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 firm had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. As a group, analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. 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. Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One research 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Company 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.